I redeemed my April FTSE 100 options (8 x 5350 Puts, 8 x 6350 Calls) for a net £538.80, leaving me in profit by £1642.40p on my April trades. At the same time I sold contracts for the May expiry on 20th. May as follows - 8 x 5350 Puts, 8 x 6300 Calls, yielding £2614.60, which I keep if the FTSE 100 Index is between 5350 and 6300 at 10.30 a.m. on 20th.May. However, I find it potentially more profitable to redeem the contracts before expiry and open contracts in the following month. Readers should study the pricing model on the Euronext pages to see why this is. (Follow the LIFFE Option Prices link above)
"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
ICE Option Pricing Model. 15 minutes delay.
eMail dr.ftse@gmail.com (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')
SILLY BLOG: This is Getting Very Silly
POEMS: The Doc's Homeopathic Poetry
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.
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.
(***) "Cash Covered" Puts means I have sufficient cash in my trading account to buy the shares if assigned by the counterparty.
Tuesday, 29 March 2011
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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.