From Terrapin Trader
on
Trade 51 I Don't Believe It! UP, UP and Overvalued.
close of play on friday the 7650 call= 4.5 and 7350 put =3.5- this was really not a trade to sit on. However- next week may be fun as it’s the 30th anniversary of the ’87 crash-which means nothing other than so many traders have never known a serious market event-the heavy bias to the long side rest solely on free money-and sometimes the money tree hits a lean spot
2017/10/14 at 11:20 am
From Terrapin Trader
on
Trade 51 I Don't Believe It! UP, UP and Overvalued.
curiously this trade could be closed out for a credit of 2.5 after getting a credit to open it. You’d need a hefty account to make this pay though.
2017/10/09 at 7:30 pm
From contactamipro
on
Trade 51 I Don't Believe It! UP, UP and Overvalued.
Interesting percentage chart!
2017/10/08 at 9:24 pm
From contactamipro
on
That Was the Week Ending 06 October
Same here…short like crazy!
2017/10/08 at 9:22 pm
From Terrapin Trader
on
That Was the Week Ending 06 October
I’m short this market but low volatility makes is too horrible to sell anything with downside risk as vol WILL explode at some point
2017/10/07 at 3:38 pm
From Terrapin Trader
on
Wow! Trade 50- A Milestone, or a Millstone?
I don’t have the numbers with me but …this trade bought for 19, was a close today at 35.
that’s 84% profit in old money, and the trade is still young. This is where you could close out part/ some, or all of the trade-the permutations are many.
2017/10/02 at 6:34 pm
From Terrapin Trader
on
Wow! Trade 50- A Milestone, or a Millstone?
Not sure how this will go,and maybe it’s all a bit hurried as time has not been on my side lately- that is by choice, there is life outside the markets.
I was told about this at a trading seminar courtesy of London Trading Group: ‘only 1% of people offering trading course in the US had a track record’. We have a track record you can see for yourself-we are free and offer nothing but a passion for options.
2017/10/01 at 8:02 pm
From Terrapin Trader
on
That Was The Week Ending 29th Sept
Sorry a financial crisis is not funny but Ed Balls certainly is! Amazing how failed politicians who have cost their nations so much have the temerity to carry on. Imagine we’d traded the country’s gold reserves and lost the lot,…. oh wait
2017/09/30 at 12:19 pm
From Terrapin Trader
on
Trade 49 Selling Premium Differently
It looks like the market is going nowhere so one choice with this trade which is now losing money, is to swap around and convert it into a regular ratio back spread. How? I hear you ask. We have to buy back the short put- 7250 currently trading for 42.5, and sell 4(four) 7050 puts at 4×14= 56.A credit of 13.5.We have doubled our trade size but margin is unlikely to be an issue. So we are now long at 7150 x2, short at 7050×4, which gives us risk at 6950. This is 350 points below the market, which is almost 5%. Nothing seems to phase this market, from war to crises to valuations. Everything is a bubble now.
Another choice might be to double up on this trade which is now worth about 3. We paid 7.5 initially so if we doubled our stake our aggregate prices is now (7.5+3)/2=5.25.
But which is best????
2017/09/28 at 9:28 am
From Terrapin Trader
on
Trade 49 Selling Premium Differently
Sometimes we have to take debit trades, as the reverse of this trade would make no sense.
2017/09/24 at 12:34 pm
From Terrapin Trader
on
That Was the Week Ending 22 Sept- Another Yawn
The market continues to frustrate, to delight, to give us hours of musings. It’s important not to lose sight of what it is- a bunch of opinions. Nothing more. HSBC is the biggest component by marketcap of FTSE-how many failed loan accounts are on its books? Nobody knows.
2017/09/23 at 12:28 pm
From That Was the Week Ending 22 Sept- Another Yawn : Options Investing
on
Trade 47 into The 3rd Friday of The Month
Another way to summarise- to open the trade was a credit of 1 and to close it (12-4) a credit of 8. Happy days
2017/09/22 at 11:47 pm
From Terrapin Trader
on
Trade 48 Call of the Wild
The butterfly is now 12,( paid 7,sold that cheeky 6600 put for 8= credit of 1) but with that short put trading at 4, we make 5 from the butterfly and 4 from the put=9. Or… a very very respectable return of£90 on margin of probably <£1,000. I think we can book a winner but the 'fly can run to expiry to claim that max 100. We'll keep an eye on it
2017/09/22 at 11:46 pm
From contactamipro
on
Trade 48 Call of the Wild
I’ll run with a CALL debit spread, with volatility being so low! If it goes wrong, there is an option to repair by adding a ratio and converting it to a butterfly.
We have had a decent drop of 2.5% but still there is no fear, so like you suggested it is probably pure £ adjustment.
2017/09/17 at 10:52 am
From Terrapin Trader
on
Trade 46- 3 Legged Calendar Ratio Something
at expiry this made 53.5. We could keep the long spread or just close out leaving us free to trade something else. No problem having multiple positions though,and optimising your margin.
2017/09/16 at 1:23 pm
From Terrapin Trader
on
Trade 47 into The 3rd Friday of The Month
ANOTHER WINNER- A VERY ACCEPTABLE 17 FOR THE BUTTERFLY MINUS 3 FOR THE SHORT PUTS GIVES YOU A PROFIT OF 14 IN 2 HOURS OF MARKET ACTION. YOU’D HAVE TO BE MAD TO IGNORE OPTIONS-AFTER ALL THE MARKET HAS NO IDEA WHERE IT’S GOING,SO HOW CAN ANYONE ELSE?
THOSE PRICES -LONG 7400CALL AT 42, SHORT 2X 7450 CALLS AT 14.5, LONG THE 7500CALL AT 4= 17(MINUS 3 FOR THE SHORT 7200 PUT)=14.
THAT IS £140 PER LOT ON MARGIN OF SAY £1,000. SO A 10 LOT WOULD GIVE YOU £1,400. ONE OF THESE EACH EXPIRY WOULD DO, LEAVING YOU 3 OTHER TRADES FOR THE MONTH. FOREX? THOSE GUYS ARE STILL CRYING ABOUT THE ONE THEY MISSED
2017/09/11 at 6:02 pm
From Terrapin Trader
on
Trade 47 into The 3rd Friday of The Month
Again a trade I’m not over the Moon about but we have to take a position,and if it goes horribly wrong,we’ll fix it.
2017/09/10 at 6:23 pm
From Terrapin Trader
on
That Was The Week Ending 08 Sept
I took the trade- selling naked 7550 calls but do NOT recommend this for everyone. I have a small losing position in puts that may be turned around- N Korea seems to do the mad stuff at weekends
2017/09/09 at 12:14 pm
From contactamipro
on
Pension Pot Potential- Article III in a Series
To add I would say only form of investing where we could insure our investments..unlike property or pure value investing in shares.
2017/09/07 at 3:22 pm
From Terrapin Trader
on
Trade 46- 3 Legged Calendar Ratio Something
hope the calcualtions are clear enough for people to understand- I have done the end result based on the logic of owning the 7300,then short the 7200 and the 3 sept 7000 puts-I have thus sold a total of 4 puts for every one that I bought. Any mistakes in the calcs are due to ineptitude
2017/09/03 at 11:51 am
From Terrapin Trader
on
That Was the Week ending Sept 01- Boom!(Nearly)
Sorry but that looks like a bunch of dustbins strapped together-missile? Big is not better
2017/09/02 at 5:00 pm
From Amipro
on
Trade 45 Feckless, Reckless- Why Not?
Super trade!!! Did someone just make $$$..please share the love 🙂
2017/08/29 at 2:31 pm
From Terrapin Trader
on
Trade 45 Feckless, Reckless- Why Not?
30+ easy as you like when You have the inside track to Pyongyang!
Seriously-these trades used to pay the mortgage someyears ago-you need about 100 point move to make them interesting, but 30(£300) is a very nice return on what would probably have been about £1200 margin. I think we can book 25% return
2017/08/29 at 6:10 pm
From Pension Pot, Pensionwise, Options and Risk : Options Investing
on
The Basics Revisited, Take The Time, Change Your World
From Terrapin Trader
on
That Was The FTSE Week Ending 25 August
If anyone is curious about the chart and the way the price respects the longer moving average after the golden cross. It’s the magical 62. Remember 61.8 is the big Fibonacci number-the Golden Ratio……. Just sayin’ This is not a tip or even a hint, it’s coincidental as I usually work off a 5 minute chart and this is a 30 minute
2017/08/26 at 5:44 pm
From Terrapin Trader
on
Pension Pot, Pensionwise, Options and Risk
Trying to draw attention to the power of options trading has often got me into trouble with the cynics and the blinkered, who are sure everyone is out to scam them.
Pensioners are scammed in so many ways- the fitted kitchen and bathroom trade spring to mind, as so many pay thousands for substandard work. Preying on the ‘well off’ older folk is rich pickings-as care homes charge £5,000 a month for very little, in my opinion.
Yes this is a mission to educate, and wake up the somnambulant. Perhaps when people see how options work they will start to challenge and question in other areas of their lives too.
We hope the knock on effects of optionsinvesting.co.uk are to the good of our subscribers.Options are NOT for everyone but financial ignorance is not an option in our world. If your IFA cannot explain options,how can they be fit to sell some off the shelf product?
2017/08/26 at 11:52 am
From Terrapin Trader
on
Trade 44 Options Flexibility & a Variation on a Theme
Of course the market can go below 6550- let’s see,and if it does the volatility will give us plenty of juice to adjust/ roll out. This is what we hope for,to show the flexibility of options in the exit as well as the entry. and it is of course no problem to ‘leg in’ and out of any part of the position.
2017/08/20 at 3:53 pm
From Terrapin Trader
on
That Was The Week Ending 18th August- Options Expiry
Another rant about ETFs which may be great for retail investors but they flatten market moves,and fail to engage.
Much is made of algo trading-most NYSE stock trades are electronic. Black boxes work, like drum machines work- but we still like to see drummers. Although a black box turns up to work on time and sober and doesn’t try to chat up other people’s partners! I think we’ll see some volatility next week-just sayin’……..that’s not advice, probably wishful thinking
2017/08/19 at 3:28 pm
From Terrapin Trader
on
Trade 43 It's Xmas
To close? Nah it’s flat- a curious week and Trump antics continue apace- I see a bit of a Trump dump next week so I have no positions currently. Expiry was just ..7320, untypical as there is nearly always a rise for the auction at 10
2017/08/18 at 7:10 pm
From Terrapin Trader
on
Trade 43 It's Xmas
Well-early days but the trade has done very little and again vol has been sucked out of the market- no easy trading here,we need to be patient.
2017/08/17 at 2:30 pm
From Amit
on
Trade 43 It's Xmas
Pretty much this what I did for this month..worked wonders!!
2017/08/15 at 11:40 am
From Terrapin Trader
on
Trade 43 It's Xmas
This is why options are the best kept secret
2017/08/15 at 8:37 pm
From Terrapin Trader
on
That was the Week ending 11 August
LOL!!! Cannot believe the amazing outcomes we keep having with these trades-and of course it is easy to verify these.
Our site is free and dedicated to the would be options trader who can see past the rubbish offered by so many vendors of products that maybe had a winning trade once or twice,allegedly
2017/08/12 at 2:06 pm
From Terrapin Trader
on
Trade 41 a Bias To the Downside
so now the put trade is worth about 20, the calls- cannot get prices but likely a break even,and a wake up- do not trade when ill!
2017/08/10 at 4:47 pm
From Terrapin Trader
on
Trade 42 and an Apology
comment on Trade 41 has been added though it mysteriosuly disappeared from earlier. I may be going nuts!
2017/08/10 at 1:07 pm
From Terrapin Trader
on
Trade 41 a Bias To the Downside
Thought I’d commented already on these- the put BWB has come back to small profit,now about 16,buy price was 10.5
The calls- a modest loss of about 40- could be mitigatedwith a strangle with only 8 days to expiry and biiig theta.
2017/08/10 at 1:04 pm
From Terrapin Trader
on
Trade 42 and an Apology
Combo combo combo combo…. thank you very much
today the call was trading at 6, and the put at 19. A very respectable 13.
Of course the dumb money kept piling in until it didn’t.
I’m still looking for a smart way out of trade 41- the ill chosen call broken wing butterfly.
2017/08/09 at 6:41 pm
From Terrapin Trader
on
Trade 42 and an Apology
OK- now we have some sensible prices this combo is worth about 25. the 7550 call=2, the 7350 put 27. Smashed it out of the park, I’d say
2017/08/10 at 1:24 pm
From Terrapin Trader
on
That Was The Week Ending 04August
I have been unwell again and so Trade 41 was against any kind of judgement! I was unable to monitor positions this week but the Broken Wing Butterfly is a trade with little merit for me. It’s an object lesson in why we don’t trade when ill.
Even looking back at what might have worked with calls is a thankless task- the 7400/7500/7700 would have cost 12 and as of Friday’s close…. credit of 32.
Easy to be right in retrospect. I would always favour the butterfly which cannot cause losses beyond the premium paid. With 100 point wide strikes with the BWB you can of course lose another 100
2017/08/05 at 2:41 pm
From Terrapin Trader
on
Trade 40 and Some History
A Winner! Yay, vol kicked up a little but the market drop was the key, on Friday. Yes, we’d close out for a nice 25%
2017/07/29 at 1:25 pm
From Terrapin Trader
on
That Was the Week ending 21July
I tend to read some ‘parallel’ topics as trading material is tedious and I have read pretty much all there has been on options. Just finished ‘Scarcity’ By Sendhil Mullainathan, Eldar Shafir. A worthy read which makes plain some of our shortcomings in understanding the actions and inactions of others.
2017/07/22 at 2:40 pm
From real forex millionaire
on
Trade16 -Standard and yet Devious
Hey There. I discovered your weblog the usage of msn. That is an extremely
neatly written article. I will be sure to bookmark it and return to read
extra of your helpful information. Thank you for the post.
I will definitely comeback.
2017/07/17 at 4:30 am
From Terrapin Trader
on
Trade16 -Standard and yet Devious
you are very welcome- we have one goal- to help others understand options-and by so doing, improve our own understanding
2017/07/21 at 11:18 pm
From Terrapin Trader
on
Trade 39 A Theta Play
Not a great trade as there is little basis to take it other than to contiune to demonstrate the power and flexibility of options. Should the market smash up we will lose, not a huge amount but it would be annoying
2017/07/16 at 2:55 pm
From Terrapin Trader
on
Trade 38 Cheap But Not Free
there was an opportunity to close this out for 4 this week but that is not what we are looking for -this is a fun trade -we want to win big or just let it fade into oblivion
2017/07/13 at 6:45 pm
From Terrapin Trader
on
That Was The Week Ending July 7th
It is hoped that our followers will understand that trade selection is the key. People who trade direction only have to choose up or down. The gift of options is the wide range of possibilities -no need to be directional,often no need to be right either.
2017/07/09 at 11:40 am
From Terrapin Trader
on
Trade 37 Let's Get It Wrong
Could now be closed out for 5- 4.5% profit in under a week. The little guys can win little and often
2017/07/08 at 12:06 am
From Update Aadhar card
on
The Basics Revisited, Take The Time, Change Your World
Everything is very open with a precise description of the issues.
It was truly informative. Your site is very helpful. Thank you for sharing!
2017/07/07 at 9:20 am
From contactamipro
on
The Basics Revisited, Take The Time, Change Your World
thats an awesome library!
2017/07/02 at 8:20 pm
From contactamipro
on
The Basics Revisited, Take The Time, Change Your World
`thats an awesome library!
2017/07/02 at 8:19 pm
From David Eppel
on
The Basics Revisited, Take The Time, Change Your World
hope this has helped -when I first learned about options I was just utterly amazed.
I still am.
2017/07/02 at 12:23 pm
From contactamipro
on
That Was The Week Ending June 30th
It’s been reversal of the trend. Pound getting stronger and ftse100 correction
2017/07/01 at 4:22 pm
From Terrapin Trader
on
Trade 37 Let's Get It Wrong
For so many trades now I have been hoping to show one that goes horribly wrong.
I want to show how to repair a trade, but the market stubbornly refuses to do anything to help us fail.
The flipside of this is that with a little knowledge (often deemed dangerous) one can make serious coin with options strategies
From Terrapin Trader on Trade 51 I Don't Believe It! UP, UP and Overvalued.
2017/10/14 at 11:20 amFrom Terrapin Trader on Trade 51 I Don't Believe It! UP, UP and Overvalued.
2017/10/09 at 7:30 pmFrom contactamipro on Trade 51 I Don't Believe It! UP, UP and Overvalued.
2017/10/08 at 9:24 pmFrom contactamipro on That Was the Week Ending 06 October
2017/10/08 at 9:22 pmFrom Terrapin Trader on That Was the Week Ending 06 October
2017/10/07 at 3:38 pmFrom Terrapin Trader on Wow! Trade 50- A Milestone, or a Millstone?
2017/10/02 at 6:34 pmFrom Terrapin Trader on Wow! Trade 50- A Milestone, or a Millstone?
2017/10/01 at 8:02 pmFrom Terrapin Trader on That Was The Week Ending 29th Sept
2017/09/30 at 12:19 pmFrom Terrapin Trader on Trade 49 Selling Premium Differently
2017/09/28 at 9:28 amFrom Terrapin Trader on Trade 49 Selling Premium Differently
2017/09/24 at 12:34 pmFrom Terrapin Trader on That Was the Week Ending 22 Sept- Another Yawn
2017/09/23 at 12:28 pmFrom That Was the Week Ending 22 Sept- Another Yawn : Options Investing on Trade 47 into The 3rd Friday of The Month
2017/09/23 at 12:12 pmFrom Terrapin Trader on Trade 48 Call of the Wild
2017/09/22 at 11:47 pmFrom Terrapin Trader on Trade 48 Call of the Wild
2017/09/22 at 11:46 pmFrom contactamipro on Trade 48 Call of the Wild
2017/09/17 at 10:52 amFrom Terrapin Trader on Trade 46- 3 Legged Calendar Ratio Something
2017/09/16 at 1:23 pmFrom Terrapin Trader on Trade 47 into The 3rd Friday of The Month
2017/09/11 at 6:02 pmFrom Terrapin Trader on Trade 47 into The 3rd Friday of The Month
2017/09/10 at 6:23 pmFrom Terrapin Trader on That Was The Week Ending 08 Sept
2017/09/09 at 12:14 pmFrom contactamipro on Pension Pot Potential- Article III in a Series
2017/09/07 at 3:22 pmFrom Terrapin Trader on Trade 46- 3 Legged Calendar Ratio Something
2017/09/03 at 11:51 amFrom Terrapin Trader on That Was the Week ending Sept 01- Boom!(Nearly)
2017/09/02 at 5:00 pmFrom Amipro on Trade 45 Feckless, Reckless- Why Not?
2017/08/29 at 2:31 pmFrom Terrapin Trader on Trade 45 Feckless, Reckless- Why Not?
2017/08/29 at 6:10 pmFrom Pension Pot, Pensionwise, Options and Risk : Options Investing on The Basics Revisited, Take The Time, Change Your World
2017/08/27 at 4:22 pmFrom Terrapin Trader on That Was The FTSE Week Ending 25 August
2017/08/26 at 5:44 pmFrom Terrapin Trader on Pension Pot, Pensionwise, Options and Risk
2017/08/26 at 11:52 amFrom Terrapin Trader on Trade 44 Options Flexibility & a Variation on a Theme
2017/08/20 at 3:53 pmFrom Terrapin Trader on That Was The Week Ending 18th August- Options Expiry
2017/08/19 at 3:28 pmFrom Terrapin Trader on Trade 43 It's Xmas
2017/08/18 at 7:10 pmFrom Terrapin Trader on Trade 43 It's Xmas
2017/08/17 at 2:30 pmFrom Amit on Trade 43 It's Xmas
2017/08/15 at 11:40 amFrom Terrapin Trader on Trade 43 It's Xmas
2017/08/15 at 8:37 pmFrom Terrapin Trader on That was the Week ending 11 August
2017/08/12 at 2:06 pmFrom Terrapin Trader on Trade 41 a Bias To the Downside
2017/08/10 at 4:47 pmFrom Terrapin Trader on Trade 42 and an Apology
2017/08/10 at 1:07 pmFrom Terrapin Trader on Trade 41 a Bias To the Downside
2017/08/10 at 1:04 pmFrom Terrapin Trader on Trade 42 and an Apology
2017/08/09 at 6:41 pmFrom Terrapin Trader on Trade 42 and an Apology
2017/08/10 at 1:24 pmFrom Terrapin Trader on That Was The Week Ending 04August
2017/08/05 at 2:41 pmFrom Terrapin Trader on Trade 40 and Some History
2017/07/29 at 1:25 pmFrom Terrapin Trader on That Was the Week ending 21July
2017/07/22 at 2:40 pmFrom real forex millionaire on Trade16 -Standard and yet Devious
2017/07/17 at 4:30 amFrom Terrapin Trader on Trade16 -Standard and yet Devious
2017/07/21 at 11:18 pmFrom Terrapin Trader on Trade 39 A Theta Play
2017/07/16 at 2:55 pmFrom Terrapin Trader on Trade 38 Cheap But Not Free
2017/07/13 at 6:45 pmFrom Terrapin Trader on That Was The Week Ending July 7th
2017/07/09 at 11:40 amFrom Terrapin Trader on Trade 37 Let's Get It Wrong
2017/07/08 at 12:06 amFrom Update Aadhar card on The Basics Revisited, Take The Time, Change Your World
2017/07/07 at 9:20 amFrom contactamipro on The Basics Revisited, Take The Time, Change Your World
2017/07/02 at 8:20 pmFrom contactamipro on The Basics Revisited, Take The Time, Change Your World
2017/07/02 at 8:19 pmFrom David Eppel on The Basics Revisited, Take The Time, Change Your World
2017/07/02 at 12:23 pmFrom contactamipro on That Was The Week Ending June 30th
2017/07/01 at 4:22 pmFrom Terrapin Trader on Trade 37 Let's Get It Wrong
2017/07/01 at 3:17 pm