Short DAX at 7740

Quote from ASusilovic:

I bought some 5300 Calls, when we breached 4300 in FDAX and I bought some 3750 puts some weeks ago. And I have some other hedges at different other strike prices in place. Of course, it does not make sense to be delta-hedged otherwise your protection costs would diminish your profitability.

At which levels ( strike prices ) hedges are to be applied, is an art. A good idea is to take a look at EXPECTED volatilities for the weeks to come.
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Hi,

where do you by these calls / puts ?
Do you use DTB or do you use Options from ABN Amro, Deutsch Bank etc. ??
I stopped hedging some years ago because my performance suffered over all. I could reduce drawdowns but I was also missing these huge runs I sometimes have when beeing unhedged.
 
Quote from Topsurfi:

Hi,

where do you by these calls / puts ?
Do you use DTB or do you use Options from ABN Amro, Deutsch Bank etc. ??
I stopped hedging some years ago because my performance suffered over all. I could reduce drawdowns but I was also missing these huge runs I sometimes have when beeing unhedged.
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I use DTB. One of the advantages of dynamic hedging "should" be a more performance oriented technique, but it takes a lot of experience to choose the "right" levels.

When Jerome Kerviel abused his "trading limits", I had pretty ineffective hedging costs...:mad:
 
Quote from ASusilovic:

I think, I need to buy some Jan 4600 puts. I see some 100 % return possibility or so. :)
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Some profit taking. Looking for higher prices for next opportunity.
 
Quote from younouss:

good timing for profit taking!
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Timing is very difficult in the last weeks and month. A lot of overshooting price ranges. Difficult to determine an established "trend" from stop-fishing...
 
Quote from ASusilovic:

German December Business Confidence Lowest Since 1982

I think, I must buy these 4600 puts again...:D
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maybe you noticed that Dax did not care.
I see bigger problems for Dax coming from the strong Euro.
We will see a devaluation competition fired and started by the FED. IF EZB is not fast enough in response Euro could get to strong...
 
Quote from Topsurfi:

maybe you noticed that Dax did not care.
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That´s how asset bubbles start...mortgage lenders did not care...commodity buyers did not care...CDO holders did not care...

I don´t care, too. I just wait and collect $$$

:D
 
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