"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, 2 December 2013

Missing Month

Hello Readers!   I haven't been updating my option trades in the FTSE Index for a couple of months.
Briefly, my November trades resulted in a profit of only £856.00p - lower than my usual target of £1,000 plus. The FTSE was gaining ground, so  on 11th. November I closed 8 x 6700 November Calls, left the 8 x 6050 Puts to waste away and opened a spread for the December expiry by selling 8 x 6750 Calls and 8 x 6050 Puts.  The total receipts for this trade was £6,704.00p: note, receipt not profit.  Then, to bring you up to date, just this morning I bought back the above position for a total of £1,976.00p - a profit on the December contracts of £4728.00p, which made up for the below average result in November.  With the December contracts out of the way and the profit safely banked, I opened for the January 2014 contracts by selling 8 x 6750 Calls and 8 x 6050 Puts - the same as my opening position in December.  The net receipt (again, not profit) for this trade was £4,664.00p.  If you want to play why not consider joining the White Knuckle Riders (W.K.R) Investment Club, email wkr.inv.club@gmail.com.
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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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