Jump to content
Sign in to follow this  

Selling dax with daily options put

Recommended Posts

I don't usually short sell the indices.On this occasion I have accepted a risk of loss i.e potential loss and bought the 13460 daily put.I may lose money on it.If the price shows a trend continuation set up, I will long it as well.

 

The set up

It has come to top of channel  and previous horizontal resistance, it has risen on thin air without buyers on friday.

 

The 13460 put has cost me 35  , price is at 13455.I may sell a 13410 put for 20 if price drops.

 

Anyone following this trade must accept a loss of option premium , short option trades are dangerous.

 

shorting dax 13457 options.jpgshorting dax 13457.jpg

Share this post


Link to post

Here is update

 

I sold the 13420 put for 22 , leaving a risk of 13 ticks on the table.

 

I never sell options naked.

 

shorting dax 13457 options update.jpg

Share this post


Link to post

Today option trade did not materialize.

 

Earlier in the day I closed the sold option for   5  , so total loss was   -18 .

 

It did go into a profit after wards by 20 ticks , but I missed  it.

Share this post


Link to post

Here is a dax put  I bought for 13 , it made a profit of 82  for a risk of only 13

 

dax put vvvvv  82 profit.jpg

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      12,422
    • Total Posts
      63,139
    • Total Members
      83,819
    Newest Member
    Bdabas89
    Joined 18/09/20 23:08
  • Posts

    • I want to believe that, even if we had viruses for many years and we lived with them like nothing happened, this one is killing more people than it should. At least is what reports are saying. That is why countries are forcing lock-downs. Think about that a lock-down is going to extend the furlough policies all over the world again. I don't think a government want to pay that money out to citizens if they don't have to, and companies are going to have to close business for good if we have a second lock-down everywhere. I agree with the statement that we had many corona-viruses before i.e. common flu, but why now governments are taking these draconian measures to force people into a quarantine? If we had the same dangerous viruses always around why are they now locking people at their homes. Did they not care about people before? I think the virus is way more deadly than they tell us and that is why people are not really that scared of it. If we had all the information that is available to professionals we would be really scared and people would lock themselves without waiting any government to tell them. My wife is Chinese and I get their news first hand. They are not reporting what is really happening since the very beginning and it is really hard to trust the Chinese government  on anything related to this virus. They still have the problem there, they keep locking entire cities down for short periods the minute they see anything. It is not reported here in the news but every week they lock people down at their homes.  This virus is really nasty and if locking people down is going to stop it, let's do it. 
    • I agree with 99% of this - the current strain is virtually exact to a strain found in 2012 by a group of Chinese scientists, then when 6 of them died from exposure the virus was sealed and sent to Wuhan I challenged David Icke  to prove the excess deaths were'nt excess deaths, from the info I looked into I'm satisfied the virus is genuine and I'm probably one of the worlds biggest sceptics  From a lock down point of view I'd of thought the perfect place to test out compliance of mass herds would be the USA - hasn't happened strongly enough for me to be concerned but it shown those that could create such circumstances how compliment most people are.  
    • Corona virus has been with us since forever we just never mass tested before. There are no extra deaths this year than any other and it's the same unfortunate types who die of corona virus every year (over 80's with pre-existing conditions 90% of cases). Corona virus is always circulating in the population most people being completely unaware and asymptomatic, herd immunity is built and the virus mutates or dies out. Tests just show you have been exposed to the virus at some stage which could have been months ago and you were most likely asymptomatic. Vaccines don't work for corona virus because they mutate very quickly which is why there is no vaccine for the common cold (a corona virus). And why flu shots don't work very often because they are based on the previous years dominant strain not the current year's (the mass manufacturing would be too late). Covid 19 has already been mutating and the last studies I saw several weeks ago confirmed that as usual a particularly nasty strain becomes less deadly with each new mutation. Another 30,000 people will die next year from respiratory infections as it's the 5 year rolling average (covid 19 or not), weather it'll be covid 19 next year or another strain no one knows but they will keep the covid ball rolling anyway. So all in all it looks like lockdown til the end of time.      
×
×