"Give me control of a nation's money and I care not who makes the laws." (Mayer Amschel Rothschild)

"Most people are obsessed with money. Hardly anyone is interested in it."
(Wm. Shakespeare)

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Some Useful Links

FTSE 100 Shares Index (Value) 15 minutes delay. BBC Page
FTSE 100 Shares Index (Graphs) 15 minutes delay. BBC Page


eMail dr.ftse@gmail.com to learn more/how to get started as an Option Trader, or to ask for details of the hugely successful White Knuckle Riders Investment Club (wkr.inv.club@gmail.com) which deals largely in Traded Options, particularly Options in the FTSE 100 Index. The Club's objective is to make 1% PER MONTH for its members.
Since it's inception in August 2000 the Club has paid out £253,000 in profits to members. Members are strongly advised to withdraw accumulated profits regularly; trading options is always riskier than trading in the underlying securities (i.e the 100 companies whose shares make up the so-called 'FTSE 100 Index')


TEAM BLOG Fridge Soup

My Open Option Contracts

(Updated weekly on Friday at close of business, or whenever I re-arrange any of my positions - except I haven't updated them for MONTHS because no one ever reads the blog. See my comments above!)

FTSE INDEX OPTION CONTRACTS
12 x 6850 Short (*) Calls (November 2014 Series)
12 x 6300 Short Puts (November 2014 Series)
Index closed at 6495.6 on 07/10/2014
Expiry on 21st. November 2014

(*) "Short" in the context of option trading means the contracts were opened by selling them.
(**) "Covered" Calls means I have the shares to meet any assignment by the counterparty
(***) "Cash Covered" Puts means I have sufficient cash in my trading account to buy the shares if assigned by the counterparty.


Friday, 3 July 2009

The FTSE 100 Index . . .

. . . ended the week at 4238. So no need to juggle my 3650 - 4700 Put to Call spread at the moment. 4th.July falls on a Saturday this year, so Wall Street was closed today (Friday) while brave young Americans disposed of a spacecraft the size of the State of Maine which was hovering dangerously. Consequently, there was no-one on Wall Street telling the London market what to do so the London market did nothing. Centrica shares have taken a bashing this week. Who knows why? Russia threatening to turn off Europe's gas next winter? Heat wave in U.K so folk are turning down their C.H systems? Red Braces selling Centrica because other Red Braces are selling Centrica? I could take profits on the Calls (260p, September) and sell (say) December 240p Calls. That would reduce the net price I have paid for the shares to something like the 221.5p where they languish tonight. I will look at the arithmetic of the swap on Monday. See ya!
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I don't leave comments on blogs that use Word Verification. Ditto blogs which I know have Comment Moderation applied. Life's too short and I'm too busy makin' money and what the Hell are these people scared of anyway? If you don't like some creep's comment . . TRY DELETING IT! You have that privilege.
And I never read unpunctuated so-called poetry. I don't understand why self-styled poets think it's clever to make their work difficult to read/understand.

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