Sunday 18 March 2012

Bull Market or BS market?

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.

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