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  • #6,781
  • Jan 22, 2015 2:37pm Jan 22, 2015 2:37pm
Hmm... about FXCM... stock is gonna be seriously diluted after that deal they made... with whats their name, the savior...
Could be just the dead cat bounce, like RSH had.

I am reading the summary of today show by Mr. Draghi...

The What and Why of ECB Bond Buying; For How, Watch This Space
Hope is dangerous in this game.
  • #6,782
  • Jan 22, 2015 2:46pm Jan 22, 2015 2:46pm
Looks interesting ..
If you don't mind a lurking hanging around, I'd like to get familiar with Options
  • #6,783
  • Jan 22, 2015 3:23pm Jan 22, 2015 3:23pm
Quoting MTPockets
Looks interesting .. If you don't mind a lurking hanging around, I'd like to get familiar with Options
Well, you won't be the only lurker, but feel free. If you have some months to devote, you can learn a lot from sites on the web. I recommend tastytrade, dough.com, and the CBOE website.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #6,784
  • Jan 22, 2015 3:33pm Jan 22, 2015 3:33pm
Quoting StrayDog
Hmm... about FXCM... stock is gonna be seriously diluted after that deal they made... with whats their name, the savior... Could be just the dead cat bounce, like RSH had. I am reading the summary of today show by Mr. Draghi... The What and Why of ECB Bond Buying; For How, Watch This Space
FXCM, yeah I wouldn't touch that with anything bullish. I made money today with old trades on UUP and FXE that were set up for this end-Jan shitstorm. Looks like nowhere to run for the euro except down. I thought we'd see US indices pop on big ECB QE, but the other shoe to drop is coming up Sunday: Greek elections. I may look to get in some bearish index spreads to catch some good moves at the beginning of the end of the Eurozone.

Tried to trade options on futures from IRA accounts today: REJECTED. What a joke. I can trade futures from the IRA but not futures options? Does that make any sense? Hell no....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #6,785
  • Jan 22, 2015 10:27pm Jan 22, 2015 10:27pm
I love cheap calendars. USO May/Jul $28 call calendar gets on at a $0.08 mid. USO $28 is $75/bbl wti, was last there 11/26. Rig counts are dropping and Summer is coming. I don't know about $75 but I could see $60+ by 5/20. The calendar has b/e's @ USO $20.30 and $40.00, a $20 range, just need to be right about a crude rise. A 40 lot trade risks $390 to hit a max P of $$6,900, the lotto winner - but the trade yields returns > $1,000 between USO $22.95 and $35.00....now, all of that hot action will thin the b/e's and bring down the profit if oil does rise, since the i.v. of the options will fall off, and the options will cheapen. IVR of USO currently near 100%.
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #6,786
  • Jan 22, 2015 11:08pm Jan 22, 2015 11:08pm
Push out a little farther to July, pay a little more, the Jul/Oct $29 calls has the same downside b/e...a lot can happen in 6 months...
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #6,787
  • Jan 22, 2015 11:19pm Jan 22, 2015 11:19pm
with USO IVR so high, doing bullish call diagonals might be the better bet
"If The Fool persists in his Folly he will become wise." - William Blake
  • #6,788
  • Jan 23, 2015 4:39am Jan 23, 2015 4:39am
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Hope is dangerous in this game.
  • #6,789
  • Jan 23, 2015 6:43am Jan 23, 2015 6:43am
New to this forum.

I'm looking for a bullish OTM Call Option.

Given ECB QE, what about German Stock 30 Call Options at 11400 strike by 20 Mar 2015? Export activity will go through the roof with this EURO depreciation.

Welcome thoughts and ideas!
  • #6,790
  • Jan 23, 2015 8:40am Jan 23, 2015 8:40am
Quoting PariCovek
New to this forum. I'm looking for a bullish OTM Call Option. Given ECB QE, what about German Stock 30 Call Options at 11400 strike by 20 Mar 2015? Export activity will go through the roof with this EURO depreciation. Welcome thoughts and ideas!
Hi & Welcome, PC. What's the symbol of that instrument you want to trade? I would wait until after the Greek elections & any fallout from that to gel any ideas about long term bullishness, but you are probably right...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #6,791
  • Jan 23, 2015 9:23am Jan 23, 2015 9:23am
Quoting The Fool
{quote} Hi & Welcome, PC. What's the symbol of that instrument you want to trade? I would wait until after the Greek elections & any fallout from that to gel any ideas about long term bullishness, but you are probably right...
I have an IG account, so it doesn't have the symbol, but I think its GDAXI:
http://www.investing.com/indices/germany-30

Its trading at record highs, and I did a bit of snooping, the PE ratios look pretty high for most of the companies in the Index, so I'm not quite so sure now. Companies and current PE ratios are on the following link:
http://money.cnn.com/data/world_markets/dax/?page=1

I just figured the forward PE ratios would go gang busters for the manufacturing companies with the euro depreciating.
  • #6,792
  • Jan 23, 2015 9:38am Jan 23, 2015 9:38am
I am watching AAPL for an ER trade, looks like it could make a quick IVR push in the remaining days b4 the ER.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #6,793
  • Jan 23, 2015 9:39am Jan 23, 2015 9:39am
Quoting PariCovek
{quote} I have an IG account, so it doesn't have the symbol, but I think its GDAXI:
are options even traded on it?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #6,794
  • Jan 23, 2015 9:51am Jan 23, 2015 9:51am
Quoting The Fool
I am watching AAPL for an ER trade, looks like it could make a quick IVR push in the remaining days b4 the ER.
what do ya'll think about Greek elections impact? I have been closing some bullish index trades today, just in case there is serious fallout from that next week...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #6,795
  • Jan 23, 2015 9:56am Jan 23, 2015 9:56am
Think it is overexagerrated as usuall, but consider it a wild card in my books as crowd just loves to exagerrate. So am expecting nonscence fear in Europe very quickly vanishing as ECB is flooding the markets with cheap cash. Screw shorting Greece, when you can buy Dax .
"I know one thing, that I know nothing." Sokrates
  • #6,796
  • Jan 23, 2015 10:11am Jan 23, 2015 10:11am
Might be best to just buy Dax Index for next couple of days... Not sure if it will hit 11400, which is the cheapest call options I can pull the trigger on with Mar 15 Expiry.

I'd say the Dax would be the best of the European Indices to benefit from cheaper Euros. Open to suggestions
  • #6,797
  • Jan 23, 2015 10:14am Jan 23, 2015 10:14am
Am not trading Dax, just watching it for cash flow in Eurozone. But am stalking this thread for some time, you may want to have a look. It is called: Carpe diem: Intraday tactics for Dax and Dow.
"I know one thing, that I know nothing." Sokrates
  • #6,798
  • Jan 23, 2015 10:18am Jan 23, 2015 10:18am
Quoting Tom_D_Trader
Am not trading Dax, just watching it for cash flow in Eurozone. But am stalking this thread for some time, you may want to have a look. It is called: Carpe diem: Intraday tactics for Dax and Dow.
Great thanks, will look into...
  • #6,799
  • Jan 23, 2015 10:20am Jan 23, 2015 10:20am
Quoting The Fool
{quote} are options even traded on it?
There are DAX futures options (on IB platform), but beware, their working time is 9-17 CET.
Hope is dangerous in this game.
  • #6,800
  • Jan 23, 2015 10:40am Jan 23, 2015 10:40am
Quoting The Fool
{quote} are options even traded on it?
Yes, you can buy Put/Call Options on Dax Index on the IG platform. Weekly, Feb Mar, Apr, June Expiries.
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