MarvinS said:Sir Francis - If you think this will be the case you can back your view.
Here goes strangle the 6025 and 6225 call spread! write the 6225 FTSE dec Call at 118 and go long the 6025 FTSE dec Call at 205. You are paying away a little but if you get it spot on could be fruitful.
Regards
Marvin
(Options specialist)
Always open to suggestions Marvin - whats your take on the markets now? Any hot tips?MarvinS said:Anyone else want a decent option strategy? For a small Fee of course!
MarvinS said:I do not know whether the 5280 target is too bearish. I am tempted to sell the FTSE at some point around here! Anyone have any opinions? Current price 5850 on the cash - i am looking for some profit taking just below 6000. Alot of traders pre-2006 were talking of a strong start then some profit taking towards the start of the 3Qtr. But to be honest alot of clients i talk to are not willing to go short yet, with all the M&A activity going on! Is it all hot air or not? Are we due for a sharp pullback soon?
MarvinS said:Anyone got any new predictions for FTSE close for the year?
MarvinS said:Taking the mid point of Finspreads Dec quote sounds fair - the spread is as wide as the annual range!
Visaria said:5646.5 is my guess. Since of course no one actually knows, I simply took the mid-price of Fins quote for FTSE 100 -Year End 2006