Thursday, 26 February 2009

Caution

The binary trade is not worth doing now as F looks quite strong-and the risk reversal-might look for better price or 4200 call buys 4500 put for zero. The DOW is 'owed' an up day, but the F has put in 3 consecutive up days about twice in a year-the last one however was a run of 6 up days and a 9% rise in the index-swiftly followed by a 14% drop I should add.
Missed the third F rise to 3925 due to er natural causes. Looks like more upside to come.

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