Short DAX at 7740
- Thread starter ASusilovic
- Start date
Adding 5850,5800,5750 puts. Rock solid wall of puts.
Greece's coalition government passed a confidence vote to implement budget austerity measures needed to meet conditions for further bailout finds, according to media reports Wednesday. The parliament, led by new Greek Prime Minister Lucas Papademos, passed the measure 255 to 38 out of 300 seats, according to reports.
Quote from archimg77:
I hesitated to enter puts when index was 5900 but sometimes one just has to be lucky, entered ATM 5850 puts just before it started to fall, or was it falling whole day,?
Anyway, good to go down to 2000.
Be careful Italian BTP´s (10yr Italian bond futures) climbing over 130 basis points since early morning, taking out multi-hour highs. Either EBC is intevening (what might be to expect) or Mario Monti is preparing a nice austerity and economic reforms package...
BTP´s rally further +32 compared to closing price yesterday in the moment
+50...
+80...
+50...
+80...
+111
yes, I've observed it, have it in my major watchlist. Actually, I planned short bund, long BTP but never realized it, no experience, I guess.
(I waited until it is 139-88 spread)
closed Dec 5850 puts 2mins after data (flat out).
However, when index was below 5800 I shorted Nov 5700 puts so I made money on that.