Volatility rising as the market drops 23Mar2018
ICYMI Trade 70- Not For the Faint hearted
Our trade would have been a disaster if we’d hung on. I did claim ‘author’s rights‘ as we aim to educate and I have not been around to record historic prices- apologies. You would have smashed it had you sold the call to buy the put. My reasons for taking the bullish trade were solely on having to choose. This was my stock in trade in 2008. We would thus have made >110 by now taking a bearish view. Making a good exit is everything. Trade 70 ( sell the 6900 put, buy the 7350 call)
What the Actual? This Week Is Just Bizarre
The Trump tariffs? EU talks? Fed rates? England sporting shambles?- Can’t be that as we’d never have FTSE above about 500! Perhaps it’s FB getting attacked for doing what they have been doing for years. Does FB do anything different from the ‘curtain twitching’ neighbour ? Once, we lived in tiny communities where everyone knew everyone’s business. We ‘freely’ give our data in return for cheaper stuff.
What Is In Prospect?
So, you have to ask “What has changed?” I don’t really know, to be honest, but the following signs have been with us for a while: US personal savings have never been so low. Retailers have been hit hard, and in the UK we have lost our beloved Maplins. Many eateries have been hit-but there are simply too many. You can only eat so much. Buy online, and get a great deal, we say. The internet loves the customer, but bashes the vendor.
Next Week
So, no crystal ball, but this last week seems to have been a game changer. We therefore hope there are limited losses, and some worthy winners. The low may not be in just yet
