←VIX got going
FTSE’s Tiny Range.(+40, -80) Little Volatility
FTSE cash index- 7453 open close 7368 high 7487 low 7339 ( last week 7378 open close 7453 high 7515 low 7378 )
FTSE volatility- open 10.13 close 10.30 (last week open 9.64 close 10.13 )
What Trades Would Have Done well?
Anything utilising theta (Time decay) Although anyone trading Vix derivatives and going long would have done well
Market Volatility
from 8.77- 11.36 ( last week 8.19 to 10.94 ) Looks spicy but it was not reflected in the options volatility curve.
News
The Trump circus produces more crazy stuff, but this fails to move markets- Oh Wait!!!! That was last week’s news.
AstraZeneca went nuts (it’s why we don’t like individual shares for our options trades) https://www.cnbc.com/quotes/?symbol=AZN-GB
ETFs continue to dominate the chatter as they have done so well for retail investors. Low charges and thanks to QE a good return.Bad for traders…
Summary
Last week’s trade (Trade 40)- a long straddle- waiting until Friday made a nice profit – bought for 138 a sale at 172 +25% profit in 5 trading days- in fact intra day on Friday it may have got a bit more. I was not monitoring it closely. A better trader might have successfully placed a limit order for 180….
I have seen FTSE stradles priced at 300- it happens
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