There is nothing more frustrating than missing a trade. For almost 20 years, since I joined the industry, this is a statement that remains every bit as true today, as it did back then. I often hear clients calling into my trading floor, several hours or sometimes even a day or two, too late to… Read More
Over my years in the broking industry – coming up for almost two decades soon, much has changed. The move from full service phone broking to online was one of the biggest. Self directed trading with orders executed online, seemed the way forward especially with the lower fees. However, anyone who has been down that… Read More
This week we were able to hit the profit target on our NAB Bull Put Spread, entered on 11th Dec. This trade was entered by selling the 33.50 Jan Puts and buying the 32.50 Jan Puts, collecting an overall gross credit on the trade of 40.5c. This meant that at best, we stood to make… Read More
Over the last two months, we have had several successful bearish pays on BHP Billiton (ASX:BHP), including yesterday’s exit of the Dec 37 / 38 Bear Call Spread (11/12/13). This trade was actually rolled over at the last options expiration, where we had previously held a November 37 / 38 Bear Call. For the initial… Read More
Breaking news – the Big Brother housemates cried live on TV and our clients will make 4.3% for 16 days!!
Apparently that happened this week and dominated the news on one particular site – quite why its news and who really cares is beyond me. The whole concept of the show ie having so little to do in your own life, that spending hours watching a group of people in lock down, doing very little,… Read More