Trading Dutch Markets

Still trading here, overview of the RD, MOO & AEXL positions:

RD - stock @ 38.130

DEC 36/38/40 butterfly:

Currently the position is worth € - 2.50, with expiration in 10 businessdays (enough vega, which im short :)) this trade looks nice

APR 38 straddle short, 36p/40c long 2x:

Currently the position is worh € - 60.00, not a strange thing since the price is at the middle strikes and I want to to kaboom outside them.


MOO - stock @ 6.050

DEC 5/6/7 butterfly:

This trade was fucked up, and when im out of it I will stop trading MOO options (due to lack of liquidity on eurex..), I messed up entering this one and got in with a loss, lets see how we stand now, currently the position is worth € -34.00, and if MOO stays at 6, ill probably be able to break this boy even.

APR 6 straddle short, 5p/7c long 2x:

Same entering conditions (bad ones :P), currently, the position is worth € - 62. We'll see what happens here.

AEXL - INDEX @ 33.670

DEC 30/32/34 butterfly:

Another small complication, when I got into this trade my pc crashed, and even tho it displays all info correctly, TWS doesnt show the prices at which I entered the deals.. since I know I got 'fair' prices I can only gamble for the exact amount of money lost or won on this one. - With index almost at the wing of the butterfly i'd say im now in the almost worst position I could be on the fly, probably down € 50 - 70.

APR 32 straddle short, 30p/34c long 2x:

Same story, no archive on the prices I got in on, i'd say that in current uptrend and prices the 34 calls are getting some nice greek value - have NO clue on the pricing


PLAN:

RD ill keep trading on, writing butterflies on the front month against my APR position, this trade is looking best of all and im happy with how it got put on.

MOO ill keep trading the same way, but its OVER with this vehicle after APR.

AEXL - I know I got in nice, but I dont know HOW. Im irritated over the loss of data of the trade, but same here, keep tradin it.

Tiki
 
Okay guys, what im trading currently is 'the perfect option position' (look it up in the options forum), and for the sake of ease (I hate typing too much), ill explain how I will register my trades here

[stock] [month1\month2] [strike1\strike2\strike3]
E.G.:

RD DEC APR 36/38/40

means im short the DEC 36/38/40 fly,
short the APR 38 straddle
2x long the APR 36 puts
2x long the APR 40 calls


Trades put on today:

PHI JAN APR 22/24/26 - cost: €30, PHI at 24.58
AGN JAN APR 11/12/13 - cost: €40, AGN at 11.490

AGN was put on fine, PHI could've been put on better. Im no hero at splitting the spread yet, I choose to pay bid/ask to be sure of a 1sec fill - ill experiment with splitting spread later on.

cheers,

Tiki
 
How do I close my positions and what do I do with the backmonth?

shortmonth positions I will close the monday/thuesday before expiration, because I dont want to push em through and get assigned (if I do get assigned early, ill gladly take the money and eliminate the acquired stock IMMEDIATELY)

the backmonth I will keep till the bitter end (or when BIG profits occur and I cant pay for my hookers with the money in my wallet - lol), writing fly's against them. When the backmonth becomes IN the money, I might consider selling spreads against it instead of flys. (to avoid a big loss if a certain stock chops around 1-2 points per month, then ill just fuck myself if I sell flys and keep losing the money there, while NOT making dough on the backmonth)

Tiki
 
Quote from heilbronner:

Hi,

I want to start trading dutch options as well. Can you please name some good internet sites for dutch stocks or options?
More...

I trade the options off of EUREX/DTB --> www.eurexchange.com

Look good tho for some options are traded thick enough (OI in the hundred of thousands) and some are just tooo thin spread there to get decent quotes and price indications (OI in the.. hundreds, thousands)

Tiki
 
Took 2 calls HGM strike 1.20 expiration Okt 05

HGM @ 2.04

Lets see if this company will dig its ass out of the dirt.. current news leads to assumptions they wont collapse in 2004 (which is a whole better perspective then a month ago)

Next week rollovers in the option positions!

Tiki
 
Well obviously, uncle saddam getting caught is a good thing for my long positions (HGM & big america (S&P, NQ & DJIA)), it is really a 50/50 for the 'perfect option position'. We knew this before putting it on, and they are moving to unlimited profit bounds, overall im happy. Rollovers of RD, MOO and the AEXL options are going to happen this week, and even though I scheduled RD & MOO to go today, i'll get them tomorrow and sit this craziness out for one full international session.

Current rollovers:

RD: Royal Dutch Oil Company
Currently at: 39.60
Market BS: We whopped up .3 after saddam news, but thats peanuts, last week the stock broke loose from its old boring level and got half a point, too. Having put on the front 36/38/40, this is - on short term - not good! (with potential to 40/42 - this is on long term - good :))

Tomorrow I will roll the frontmonth position to a 38/40/42 fly


MOO: Van Der Moolen specialists
Currently at: 7.28
Market BS: Rammed up FROM 6 TO 7.50 in the last weeks, this one was looking like a shiny rising star, stock's been showing some reluctance to take 7.50 the last days though, I think its growing pains and we are smooth sailing. Having put on the 5/6/7 position, the front month is taking max loss while the saldo on the back month is at break even already. Go V/D moolen!

Tomorrow I will roll the frontmonth position to a 6/7/8 fly if MOO trades under 7.50, or a 6/7/8/9 condor if it trades above 7.50

AEXL: Aex light index options
Currently at: 33.2/33.6
Market BS: Oh boy nikkei up 3%, presession us up about 1-2%, dutch market currently up 1.5%, i'd say we are breaking through for the end of year rally now, which again will probably rig my frontmonth position 30/32/34 up for max loss. Backmonth position was put on real nice though and last week we already almost noted a small profit on the whole construction. Full of faith in this monkey.

This combo will expire at the end of the week, they will take/give me any cash I owe them/they owe me, and next monday ill put on probaby a 32/34/36 fly.

now lets see if we can beat some money of out the markets later on :)

cheers,

Tiki
 
Well the saddam effect wasnt exactly what I expected, but my expectations were negative (for me) and the reality is more positive, so hey im not complaining!

Ah yes, RD & MOO rolled over this morning, these hits were taken:

MOO

cleaning out the old fly:
Paid 1.30 for the MOO DEC6 straddle,
Got 0.13 for my MOO DEC7 call,
estimated child (frontfly) loss this month is ~ 80 - 90 euro.

putting on the new one:
Put a new JAN 6/7/8 fly on (MOO at 7.10) for a €51 euro profit.

whats up with the wrangle:
On paper the 5/6/7 wrangle, due to expire in April, is at a €40 loss, when MOO hit 7.50 last weeks we did see some breakeven point though, and i am positive about this company in this timeframe.

RD

cleaning out the old fly:
Paid 1.36 for the RD DEC38 straddle
estimated child (frontfly) loss this month is: €38

putting on the new one:
Put on a new JAN38/40/42 fly (RD at 39.20) for a €100 euro profit.

whats up with the wrangle:
On paper the 36/38/40 wrangle, due to expire in April, is at a €80 loss.


thats it for today people!

Tiki
 
I want to try something delta-neutral trading alike, and for my experiment I will use the derivates of a german stock: DTE (Deutsche Telekom).

Opening position with DTE trading at 14.11:

+1 C JUN04 14.00 for 1.12
+1 P JUN04 14.00 for 0.88

Invested 2.00 total with a certain profit of 0 at expiration.

Lets see what happens :) basically, when the stock pumps up, I buy more puts & when stock pumps down, I buy more calls.

Tiki
 
You must log in or register to reply here.
Back
Top