Well my put ratio spread went out worthless so I keep the handsome premium, and now I'm back in the black for my trading year.
I will speculate in some zero cost call trades but I'm not convinced about anything. Resistance looks likely at 6050,I'll make a decision this week,but with volatility so low it doesn't pay to sell any options currently.
Sunday, 18 March 2012
Thursday, 8 March 2012
Part trade
Managed a small put ratio spread 5500/5450 on tuesday afternoon, not quite getting the bottom of the market. I still have no call trades,but this Greek business is such an unknown. I have risk if the ftse drops 450 or so in the next few days
Friday, 2 March 2012
Another day, no dollar
Watched my potential trades and could see no reason to have any risk for tiny reward. When the market does move, I'll probably be caught napping,but trades I would have taken in the last 2 weeks have looked a bit miserable in terms of R/R. I hate having nothing in the game..
Thursday, 1 March 2012
How to trade a stagnant market
Seems to me I am never at the screen when moves do happen as yesterday was a case in point. However this is a very odd looking market,devoid of meaningful moves. VIX is rangebound between 16.5 and 19 but the bolly bands are not showing much of a squeeze
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