Plain Vanilla Options Trades.

[dbphoenix]

Credo/CYOF banned. Seems I was right after all . . .

What was it that Tennessee Williams said about the aroma of mendacity?

 

[DaveJB]

"The diaries were actually written by Konrad Kujau, a Professor Calculus look-alike and a notorious Stuttgart forger of Hitler's works. Both he and Heidemann went to trial in 1985 and were each sentenced to 42 months in prison."

So that'd be 3.5 more diaries apiece before they got out, then?

 

[ian]

So that'd be 3.5 more diaries apiece before they got out, then?

Maybe less for good behaviour.

 

[barjon]

Well, I'm back from an enjoyable game of golf in the sunshine and I see that my initial benefit of the doubt about credo was misplaced and the thread's topic is conspicuous by its absence

I really can't see much point in the thread continuing in this vein and although we are not past expiry date we are told that all positions have been closed. So I'm closing the thread.

jon

 

[grantx]

”what a handsome bunch of winners they were too!

UPDATE 18th MAY 2007

1. 23 X APL 5925 PUTS @ 48. Expired at 0. = + £11,040

2. 3 X MAY 6225 PUTS @ 115. Expired at 0. = + £3,450

3. 6 x APL 6175 PUTS @ 84. Expired at 0. = + £5,040

4. 3 x MAY 6225 PUTS @ 110. Expired at 0. = + £3,300

5. 3 x MAY 6075 PUTS @ 74. Expired at 0. =+ £2,220

6. 6 x MAR 6175 PUTS @ 42. Expired at 6106 = 69 pts ITM - 42 pts credit =27pts loss x 6 = £1,620 Loss

7. 2 x MAY 5925 PUTS @ 62. Expired at 0. = + £1,240

8. 1 x MAY 6225 PUTS @ 90. Expired at 0. + £900

Gains at + £27,190

Loss at £1,620 [trade No 6]

Net Gains = £25,570”


Previously on T2W (Profitaker, 2 Mar 07):

1. 23 X APL 5925 PUTS, closing @ 87.5, -£8,894

2. 3 X MAY 6225 PUTS, closing @ 232, -£3,510

3. 6 x APL 6175 PUTS, closing @ 178.5, -£5,670

4. 3 x MAY 6225 PUTS, closing @ 232.5, -£3,675

5. 3 x MAY 6075 PUTS, closing @ 164.5, -£2,700

6. 6 x MAR 6175 PUTS, closing 132.5, -£5,400

7. 2 x MAY 5925 PUTS, closing 116, -£1,080

8. 1 x MAY 6225 PUTS, closing 232.5, -£1,425

total loss = -£32,354

broker surcharge £30,843

margin requirement £154,215.

Oh, mummy I’ve just had a fwightful dweam where these beastly men wanted to take all my money. But I biffed them all up tewwibly and they all wan away.

Grant.

 

[wasp]

And just in case anyone was in doubt ... Socrates' trades posted under "Plain Vanilla Options Trades" thread on T2W (http://www.trade2win.com/boards/showthread.php?t=23221) have now all expired ... and what a handsome bunch of winners they were too!

UPDATE 18th MAY 2007

1. 23 X APL 5925 PUTS @ 48. Expired at 0. = + £11,040

2. 3 X MAY 6225 PUTS @ 115. Expired at 0. = + £3,450

3. 6 x APL 6175 PUTS @ 84. Expired at 0. = + £5,040

4. 3 x MAY 6225 PUTS @ 110. Expired at 0. = + £3,300

5. 3 x MAY 6075 PUTS @ 74. Expired at 0. =+ £2,220

6. 6 x MAR 6175 PUTS @ 42. Expired at 6106 = 69 pts ITM - 42 pts credit =27pts loss x 6 = £1,620 Loss

7. 2 x MAY 5925 PUTS @ 62. Expired at 0. = + £1,240

8. 1 x MAY 6225 PUTS @ 90. Expired at 0. + £900

Gains at + £27,190

Loss at £1,620 [trade No 6]

Net Gains = £25,570

So a huge round of applause and congratulations go to Socrates and Bull.

Had these trades been done by monkeys, they would have been able to buy 72,962 individual bananas. What a coincidence!

There you go, enjoy that.[/COLOR]

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 was able to close all of them for a profit of £322 less than I would have made had I closed them on the Friday. I never posted this because ........

(From same thread).

--------


I'm confused


...

 

[A Dashing Blade]

I'm confused


...

As am I as, very quickly afterwards, it was demonstrated by recourse to official exchange information in the public domain that no such closing trades took place.

Needless to say, many people at that point came to the inevitable conclusion that Socrates was either a fantasist or liar.