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TERRAPIN TRADER
Daily thoughts of an options trader in sleepy Surrey
Thursday, 26 February 2009
trade watch
Currently watching risk reversal -sell 4200 call to buy 3450 put- FTSE March,at zero or small credit on expectation of down move of 60 points+
also binary bet-FTSE to close down on IG at 10 or so to buy.
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TERRAPIN TRADER
10 years of trading-from the disastrous venture into buying a share portfolio in '99 to discovering the power of options to save the day when shares go south.
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