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Good advice. I would use maybe quarter of a percent of your acct.

Just noticed Brent Crude for April is at 108.15. It was 106 at the close.

Ok, let's say Iceland says f*** off, we are not paying anyone anything. What are the consequences? The UK govt sends the British Navy to sort them out? No chance. The EU declares economic sanctions against Iceland? No chance. The UK declares economic sanctions against Iceland. I doubt...

Prediction : oil will be over $100 by next week. NB: i don't trade on my predictions, but you can :D

Nonsense. Trade is a 2-way process. Presumably the rest of Europe still wants fish. It will all be forgotten in time, Europe will lend them money again. Bankers have short memories, remember? There's only 350k Icelanders anyway. What if the productive people all said, we're not going to...

Unfortunately not. I came across the idea in a book i read in my university library ( i think it was by Geoffrey Chamberlain) many years ago now. I totally forgot about it until you mentioned it. I think going with ditm is NOT a good idea, you need a good deal of leverage so atm or slightly otm...

I did as Jim said :cool: My regret is that I don't think i bought enough.

Out at 9315.

Reversed at 9325, short now

No doubt.

haha, ok, fair enough!

I'm not supposed to be trading today, I'm supposed to be packing my bags for a week's vacation in the Caribbean.

I added to my existing longs (i forgot to post those) at 9332, stop on all positions at 9325

Countries default all the time. Did Russia ever pay back on their Imperial Bond default in 97-98?

I think it would better to buy atm or maybe slightly out of the money calls and then roll those over.

True.

By rolling up, you mean buying a call waiting till the underlying goes up, sell the call and then buying a higher strike/later expiration, repeat? Can be v profitable if the trend persists.

Ultimately, you may have to.

Corrected for you.

British depositors were scrambling to put money into Icelandic banks because they offered a slightly better rate than the domestic banks. They also had the assurance of the £50k compensation scheme i.e. deposit protection. If you removed the deposit protection scheme, people would think much...