TRADE
FTSE Daily
SELL @ 5837.5
3-min chart
Still have a Jun 5700 put which has been losing in time what it has been gaining as the FTSE has dropped.
As I said, 5800 was the obvious first support, and I still don't see much support other than 5500 after that. Possibly 5700, which was a support mid-Jan to mid-Feb.
oh yeah...
TRADE
BUY @ 5822
Profit = 15.5 pts
not a bad start!
11 Jun 2008
Trading Day
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ReplyDeleteFTSE to finish down > 50 @ 17.3
and a couple of mins later
FTSE to finish up > 50 @ 4.6
Total liability = 21.9
Well, the logic of my double bet worked. The FTSE had flirted with 5800 all week without ever touching it, with lows of about 5810. So if it was going to touch it, chances were it was either going to fall straight through or rally from there.
ReplyDeleteAm now keeping an eye on both the FTSE chart and the D>50 chart. A close below 5770 and the bet finishes at 100 pts.
As I write this it continues to fall...
TRADE
ReplyDeleteFTSE Jun 5700 Put
sell @ 65.1
profit= 65.1 - 32 = +33.1
Taking this now, been in the red for a week, and at this price would need to see the FTSE below 5635 to get this at expiry.
I don't like leaving these!
ReplyDeleteFTSE down>50
SELL @ 99
Profit = 99 - 21.9 = +77.1
+125.7 pts for the day :-)