Friday, 27 February 2009

Closed out

Closed out my risk reversal for a credit of 22. This was (and I always aim for this) a credit trade when opened-so a total of 27 per lot minus trading costs of course.
The above 22 was a 'best guess' knowing the deltas of the options- it is not the optimum price, but  I placed this as a pre-market order as I took the chance that the F might not allow me any profit, so this was a very comfortable outcome. I can now go off to my civic duties with no trades, and the prospect of watching some good rugby on the telly this weekend. unfettered by thoughts of trading. (Nah, I never really switch off).

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2 comments:

  1. mkoistinen27 February 2009 at 10:56

    What sort of RoC is that? Sounds like a great trade though -- especially since it lasted only what, 2 days?

    ReplyDelete
  2. TERRAPIN TRADER27 February 2009 at 17:58

    trade lasted 1 hour of trading time- risk/reward is really 1to 1 but margin/reward was 18/1

    ReplyDelete

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