"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)

Scroll down a bit for posts!

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, 2 October 2013

November Comes Early

Hello, People!  When trading options in the FTSE 100 Index I don't use guesswork, crystal balls, goat entrails, tea leaves or the stars.  I use a set of Rules.  I won't bore you by explaining and/or justifying them except to say - my Rules do not use the past to predict the future. If this were possible there would be no Stock Market and there would certainly be no such activity as "derivative trading" i.e trading options and futures. I'll leave you to work out why.  No, my Rules serve two purposes. They tell me when it's time to trade. They stop me having to think. They have been very successful and have enriched me considerably over the years.

And yesterday, October 1st, my Rules told me "Doctor, 'tis time to redeem your October position and open November."  The diligent reader will remember that I opened my October position as recently as 10th. September, so that was quick, eh? A phone call to the brokers and I, or rather he on my behalf "bought to close" 7 x 6150 October Puts and 7 x 6750 October Calls, and "sold to open" 8 x 6050 November Puts and 8 x 6700 November Calls.  Note that this trade widened the "spread" between the November Put and Call strikes by 50 points over the October spread.  The whole trade bolstered cash at the bank by £2785.00. This is not profit unless/until the November contracts expire with the FTSE 100 Index between the Put and Call levels at 10.30 a.m on 15th. November. The trade resulted in a net profit on the October options of £3577.00

One day I shall fall flat on my face and you can all larf and say "When it sounds to good to be true it probably is."
Posted by at

1 comment:

  1. Cad2 October 2013 at 09:09

    I hear flat faces are all the rage amongst British bulldogs, Persian cats and Pekinese. Does this mean they too have been playing the field of Options, and omitted to follow the Rules? What a game!
    Long may your nose protrude, Dr FTSE.

    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.

Subscribe to: Post Comments (Atom)