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DAX daily options trade set ups


Guest oilfxpro

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Guest oilfxpro

I start this thread  because I would like to see set ups , when it is appropraite to buy daily options on German 30

 

If  you wish to post   set up with images  ,and entry points ,please do so .I am looking for quality set ups

 

Dax daily options can be profitable  , if trader selects two or three very high probability enties , to buy otions .The main conditions are , the dax must be either very weak or strong  , other indices must be aligned.

 

Dax daily options are difficult to make money from , because the dax is very volatile , unless  the  trader runs his profits  , when hi picks a nice trade.If trader buys a option at x price  , price might move to x  +50    or x  -100  , sometimes maling these options worthless and unprofitable.

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Guest oilfxpro

Dax daily options can be profitable  , if trader selects two or three very high probability entries  every week, to buy options .The main conditions are , the dax must be either very weak or strong  , other indices must be aligned.

 

Today was a good example , but I had many   weekly positions  running , so I did not go for them.

 

Daily options are great , if price is about to breakout , and one can trade the breakout failure with options, followed by a final trending trade

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Guest oilfxpro

The price broke below 10,000  , 10,000  is a very major resistance (and s a nd p is top of channel  overbought).

 

not a high probability trade  here

 

long 9969  dax  long 10020 puts    for  63.6  , exit cash target 10000.  

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Guest oilfxpro

  

long 9969  dax  long 10020 puts    for  63.6  , exit cash target 10000.  10,000  filled

 

went long again at 67 .......9967   , 20 pips profit locked away

 

I am only looking for  20 pips daily 

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Guest oilfxpro

closed the long cash again at 93  for another 25 ticks  , so I have taken 55 ticks  from 64 pips option  = net risk 9 pips left

 

left a limit at 67   buy 

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Guest oilfxpro

There  is weakness on indices  , so I am looking for short trades

 

long 9849  cash  , long 9810 puts    for  78.1  , risk 20  including spread

 

long cash  exit is 9810

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  • 1 month later...
Guest oilfxpro

find it difficult  to make money from daily options , because they expire  and not enough time for trade to materialize

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