Recent content by loui10

Dear Potshot, ODL runs different desks i.e. CFDs, SB, Futures & Options etc. They all compete under the ODL unbrella to gain your business. The SB side may have been fair to resolve your problems and it is good to hear. However, if they were not able to resolve it, i'm certain you won't get any...

Dear Repex, Thank-you for your vote of confidence. I hope i get the decesion i deserve or i will be i serious financial difficulties. Below i have copied and pasted from the ODL Options website, as you can see they cater for all kinds of RISK PROFILES, however they give you what they want and...

I think ODL traded naked options from the start. As Mr Blade said they started to get more cautious. I know they used too narrow my starngles and role over losing positons into bigger postions hence 35 lots. Then i was getting margin calls of £55,000 plus which i could never afford, they would...

Rolling statement for account: JL020 Currency: GBP Date Debit Credit Reference Description Balance 31 Mar 2008 18.51 A10844643 Interest credited for 29 Feb 2008 to 30 Mar 2008 18.51 18 Mar 2008 901.86 A10597850 CHAPS Paid 0.00 17 Mar 2008 36,513.56 A10574641 Forex GBP to USD @ 1.9985...

Flies/condors, lots of legs. Your speaking another language to me, could you kindly explain?

Gooseman - The example of the trade was infact true, but i was looking at 225 as just an example of what happened. I wanted to know about my Risk Exposure. Naked options - its just what he wanted do for me. I can send anyone my trading sheet, maybe you can make sense of it all....its beyond me.

Sorry Pelzar - I have just read your message again, i must be going mad. Yes my account at its best had a liquidation value of £85,000. But, you would still need to subract the selling price and commissions off this, so i can not give you a proper figure. The liqudation value fell very quickly...

Thanks, no wonder i lost everything so quickly. Below is the trade: 21 Jan 2008 16,450.00 T1483204 Sell to open 35 FTSE 100 Index [European] mar08 4925 Put @ 48 If the FTSE finished on the Expire date at 4700 is that? 4925 - 4700 = 225 225 points x 350 = £78,750 loss or could it be even more?

I have been trying do do some research on this matter. Could somebody tell me the following: 1) If i was to sell 35 lots on the FTSE. What is that the equivalent to in real money terms, is it £35 a point or £350 a point? 2) and what does this all mean for me at the date it expires?

Thank-you for your vote of confidence. I have had some experience though in CFD FTSE 100 stocks when i held a CFD Discretionary account with IG Index. However, the account was only limited to 50% as a maximum loss. I can only assume that these trades were infact far different to what i ever did...

Pelzar, i had an advisory account. I had never invested/traded in options, fx, commodities or FTSE Index or Strangles. At the point of sale i was told that i would only be advised on low risk strategies. I went along with whatever my advisor (Frank Freeman) told me. I thought he was looking...

Mr Blade, you should now have an email in your inbox with the trades. You should then know KYC, and COB then?

Then as you said Mr Blade that would be Slander (as i would be making it up), my figures are factual and i can prove this by giving you my trading sheet and fact find at the point of sale. Give me your email address! Mr Gecko, has made some valid points and to the educated man who does not...

MrGecko - Very informative stuff. I'm just wondering what are your qualifications to make you think that what your are saying is infact true?

It certainly never got anywhere near 300k.