Recent content by Sovereign Australia

I wanted to clarify the following scenario was possible with Halifax. Day 1= Sell naked call option on DAX Aug 14 Underlying 9720 Strike 10,950 @4.20 Day 2 = Underlying drops to 9680 Is it possible to buy a Put option that would cancel out the Day 1 trade to collect the Premium & the movement...

I wanted to clarify the following scenario was possible trading the DAX. Day 1= Sell naked call option on DAX Aug 14 Underlying 9720 Strike 10,950 @4.20 Day 2 = Underlying drops to 9680 Is it possible to buy a Put option that would cancel out the Day 1 trade to collect the Premium & the...