"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.


Monday, 7 December 2009

Splashed Out . . .


. . . on 6000 shares in ARM Holdings.  They develop and license the technology for making the chips in yer actual mobile phones.  So do me a favour, followers and fans.  Throw that clapped out old Mobe in the recycle bin and buy yerselves a new one!  Boost the Doc's ARM dividends.  I paid 166.24p per share, net of expenses.  At the same time I sold 6 Call contracts in the June 2010 180p series on the shares.  This sale netted 8.987p per share. In effect I have paid only 157.25p for the shares.  The usual caveats apply.  I would be ill advised to sell the shares before next June, even if they are showing me a stonking profit, because I could be "called" for the shares at 180p and would have to buy them in the market at a stonking loss to meet the Call! Ideally, I'd like the shares to stay below 180p till next June, by which time I will have collected a dividend . .
Posted by at

2 comments:

  1. UberGrumpy7 December 2009 at 23:17

    Interesting ! ARM have been up and down over the years. You think they're a good bet, huh?

    ReplyDelete
  2. Doctor FTSE8 December 2009 at 08:14

    Not necessarily a good bet as a share for growth. Bear in mind that I trade call options on the share, so shares that go "sideways in leaps and bounds" are the ideal vehicle. e.g. My Centrica shares . . paid net 242p for the shares. Now selling at about 261p. But the receipts from selling Call options on them has reduced the effective price I paid for them to 226p . . . Another way of looking at this - if your option trades work out in your favour, it's like getting 6 dividends a year on the shares - 1 interim, 1 final and 4 Pseudodividends for the quarterly options . . .

    ReplyDelete

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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