Plain Vanilla Options Trades.

[SOCRATES]

But the market didn't trickle down. That Monday it opened at Friday's Close and never went below the Open, finally closing up 30 pts.

You cannot be in the United States. You have got to be in Antartica or thereabouts where everything is seen from an upside down perspective. Turn your chart the right way up.

 

[SOCRATES]

this is just too sad for words.

"feeling of regret": from someone who blathers on about controlling emotions.

the phrases "to my surprise" AND "all is known in advance" are contradictory.

at least the spammers who try to post trades and fail have the courtesy to stop posting and re-emerge under new nicks.

there is no nastiness, other than the response from being messed around with by a self-confessed expert, who is nothing of the sort.

I think I will knock dark-siding on the head - and stick to my indicators. they told me the market was tanking.

we seriously need some threads that profer systems, indicators and all, if need be, rather than this rubbish.

"Dont look behind the curtain at the little man, Dorothy, pay attention to the Wizard"
(final scenes from the Wizard of Oz)

EDIT: its all smoke and mirrors, Dorothy.

Yes, exactly, indicators and that sort of stuff is ideal for you and you should not abandon them....ever.... ...good thinking.

 

[barjon]

talk about dejavu any minute now Barjon will be here with the big scissors to trim the excess

better late than never dc - 63 posts culled.......oh and cyof and socrates banned for 5 days

jon

 

[stoic]

Yes, what about the downright audacity of saying in a public board about someone not personally known face to face that he ought to have his hands stamped on and crucified and so on, what about the audacity of that ?

I am very pleased you are impressed.

Many thanks for all your kind comments, noted.

Sir,

I was joking and having fun there, just as you have fun at ducati and his jogging tendencies.

I've had read a few PMs now and they all appear to be on the lines of finding it hard to judge your crediabilty now. More and more people are seeing this as a stunt of yours.

But no matter, you are where you are for good reason, good trading to you.

But on a serious note, not that it's not too much trouble Albert, if someone were to read this thread in its entirely (leaving out all the name calling and some extremely funny pointless jokes etc. . . ), what do you honestly think they would make of all this? I won't insult anyone's intelligence in this regard so I'll leave it to you to work that one out.

I am sure you are a very nice, respectable, well mannered, well rounded individual. But if you set out to prove something, (feelings, emotions and personal attacks aside), at least make sure it is fair and complete, surely that is not too much to ask?

Note to barjon: I DON'T want Socrates nor CYOF banned, it will not help things at all.

 

[A Dashing Blade]

I'm confused here, is Socrates claiming that all positions were closed out on 23 Feb?

 

[bluetipex]

I'm confused here, is Socrates claiming that all positions were closed out on 23 Feb?

Yes, I think so, however Frugi has posted a screenshot inferring that this was not the case. See post no. 1775

 

[barjon]

cleared the overnight off-topic chit chat which was entertaining to the participants but superfluous to the thread.

jon

 

[mr.marcus]

...man ....john ....there was actually a some valid questions i was asking....and that was what were others hoping to get from this thread etc?...even got kudos for it...haha....nevermind....all gone now.... ...remind me never to hire you as a maid....a little dusting is required...i know.....lets use a flamethrower....id have no damn furniture left ....or house come to think of it...

from now on i shall affectionately call jon ....."napalm"

 

[Profitaker]

I'm confused here, is Socrates claiming that all positions were closed out on 23 Feb?

My understanding is that he is claiming he closed out on 26th Feb, day before the big tank south.

Yet he posted and boasted on 11th March (# 1725, page 173) that he would keep most, if not all of the short premium. Additionally Frugi has posted a rather cute screenshot.

I must say I am confused by such contrary postings, but I am not calling socrates a liar with a bad memory. He just might prefer to be remembered as a laughing stock.

How ironic if the March series actually expired OTM

How's that barjon ?

 

[barjon]

trader 010 posts deleted and banned

 

[credo]

none of them understand. thats the crux of it. Its like economists arguing over keynsian or Monetarist policy. Its all wishy washy pseudo nonsense. Both parties to the arguement have merit and on the other hand no substance.( just like an economists arguement) Am I being silly and naive to suggest if writers had the edge, then everyone would prefer to write and not to buy ? Call me stupid if you want, I will at least have learnt from it. I know enough about markets to know the only driving factor is demand and supply. Understand that and you are 90% ( a dubious percentage plucked from the air, I agree) there. Fail to understand that fundamental you may as well save time and burn your cash !

 

[ian]

The Black Swan surveys the spoils of war having taken control of the 3.4s clubs leisure centre....

 

[Crap Buddist]

"Forget Casino, if you want to see how the Mob really deal with dodgy money matters ,then Plain Vanilla Options Trades is a must read." ~ CB Peoples Daily Finance

 

[A Dashing Blade]

. . .
On Friday the 23rd of February, all evening I had a feeling of regret at not having closed my positions.

This feeling did not leave me all that weekend.

On Monday morning, the 26th of February I came in here at 0730 with a mug of tea and sat down and waited for the market to open.

When it opened, to my surprise, it did so at the level of the close of Friday. Usually the first hour of the first session of the week involves some activity, but on this occasion...none...dead flat.

I waited to see if any stunts were being enacted in driving prices up and down but nothing happened.

Prices went more or less level and the volume was not out of the ordinary, unusual for a market going up in the way it did the previous week. I waited another 20 minutes and suddenly decided to clear out the lot because prices began to trickle downwards, and I did not like this.
. . . .

Er . . . if someone can tell me how to put up a screen shot I will, but looking at Feb 26th FTSE Marh future I see it opening at 6402.5 (+20 ish) coming off to the days low 5 mins later at 4595 ish, by 09.10 it had trickled up to 6408, it then spiked (on German numbers iirc) to 6420 after which it dod nothing (6413 - 6428) until 14.30 when it traded 6405 - 6422 untill a close of 6415.
so
1) it didn't open at Fridays close, it actually gapped up
2) There was activeity in the early morning session, in fact thjat's all the activity there was untill later in the afternoon
3) There was no tricke down.

We are talking about 26 Feb 2007 yes?

Furthermore, those of us with access to a Bloomberg terminal can trivially see that on the 26th Feb, the only trades in the April 5925 (of which there were supposed to be 23 short positions?) puts were . . .

Time Size Price
16:53:06 ---- ---- 13.0----SETT
15:43:25----1------14.5
14:45:40----1------12.0
14:45:40----1------12.0
12:52:33----2------14.0
11:25:03---- ------13.5----TO
11:25:03----1-----13.5

Now, that is caveated by me being able to use the bloomie properly, however LIFFE data for all index options on 26th Feb is available here . . .

http://www.liffe.com/data/dind070226.txt

and I still can't see the closing trades.

(doesn't look to me as if the May 5925 puts traded at all that day)

Are we sure Socs is claiming that the positions were closed out on 26 Feb?

 

[Profitaker]

DB

LOL

I hadn't thought to check the daily sheets.

 

[dc2000]

I think you chaps are looking tooo hard

 

[credo]

Will one of you clever cloggs, straight talking, shooting from the hip bods answer my question ?
If WRITING HAD THE EDGE WOULDNT EVERBODY WRITE AND NOT BUY !!!?!!!! you boys are shaking my confidence in DEMAND and SUPPLY or is everyone a subject of the consequence of Care in the Community Initiative and elite members of egos r us !

 

[laptop1]

Will one of you clever cloggs, straight talking, shooting from the hip bods answer my question ?
If WRITING HAD THE EDGE WOULDNT EVERBODY WRITE AND NOT BUY !!!?!!!! you boys are shaking my confidence in DEMAND and SUPPLY or is everyone a subject of the consequence of Care in the Community Initiative and elite members of egos r us !

Hi credo, oops I mean SOCRATES

Whats with the new name and where is you purple writing gone.

 

[roguetrader]

Will one of you clever cloggs, straight talking, shooting from the hip bods answer my question ?
If WRITING HAD THE EDGE WOULDNT EVERBODY WRITE AND NOT BUY !!!?!!!! you boys are shaking my confidence in DEMAND and SUPPLY or is everyone a subject of the consequence of Care in the Community Initiative and elite members of egos r us !

Erm it's wouldn't be quite that simple, there would be a number of factors to consider, for example the ability to write hundreds of contracts a month may make an edge worthwhile whereas the ability to write a handful may not, the point being (and I know some will say there is no edge and as I don't know a great deal about options, I wouldn't want to get into an argument about that,) but assuming an edge existed, does not mean that it is suitable for everybody to exploit. I like beer, and like to drink a lot of it, now if I ran a pub I'd have a real edge in the price I could get my beer for, but it would be a lot of trouble to go to for cheap beer.

 

[dbphoenix]

Hi credo, oops I mean SOCRATES

Whats with the new name and where is you purple writing gone.

Given the caps, the punctuation, and the address, more likely our old friend from 69 Fairy Bush . . .