"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.


Wednesday, 15 June 2011

Sainsbury "Put" Options.

The share price is currently languishing well below the "strike" price  (340p) of the 2 short Put contracts that I hold in the stock, opened in December 2010.  So I could be required to buy 2000 Sainsbury shares for 340p at any time, and I certainly will have to buy them on expiry day, Friday 17th June. The market price is in the 325p range.  I don't want to do buy the shares. So I have bought back the Put contracts and opened 2 more contracts at the same strike (340p) in the December series, expiry 15/12/2011.  Plenty of time for the price to recover, and I'm not likely to be assigned the shares on contracts with 6 months still to run. I hold 3000 Sainsbury shares and the net cost to me, including all receipts from trades in the options, is 330.25p 
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Saturday, 4 June 2011

July 2011 FTSE Index Contracts

I redeemed my June FTSE contracts on 31st. May at a cost of £538.80p, leaving me in profit on the opening sale of these contracts (see post below) of £1881.40p. At the same time I sold to open 8 x July 6350 Call Options and 8 x July 5400 Put Options. These sales yielded £1.901.20p. Expiry date for these options is 15th. July, but I expect to redeem them before the expiry date. This is now my regular practise. Full results for 2011 to the June expiry are now at the foot of this page.
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