Since Phil Green launched his take-over bid for M&S I've been trying to get into the action using options. I've had no joy!!! Looking on the LIFFE site as well as ADVFN I can't get info relating to the greeks, IV or charts showing historical levels. Can someone point me in the right direction???
TheBramble
Legendary member
- Messages
- 8,394
- Likes
- 1,170
The right direction?
If you're into options - sell them - don't buy them.
Forget M&S - the world and his wife...
If you're into options - sell them - don't buy them.
Forget M&S - the world and his wife...
Bramble,
I was always bearish on Phil's prospects and used the opportunity to set up a bearish spread when the stock was near its peak and IV was high. If I hold til Sept04 expiration I'll make 33.3% on my risk capital. As IV collapses I may unwind the position sooner.
Separately, I wouldn't invest in M & S for love nor money, however, I would trade the stock or option. I buy or sell options depending on the strategy I choose to play. Sometimes it's good to be a seller other times it's better to be a buyer. What concerns me most is the lack of liquidity in the chain.
I was always bearish on Phil's prospects and used the opportunity to set up a bearish spread when the stock was near its peak and IV was high. If I hold til Sept04 expiration I'll make 33.3% on my risk capital. As IV collapses I may unwind the position sooner.
Separately, I wouldn't invest in M & S for love nor money, however, I would trade the stock or option. I buy or sell options depending on the strategy I choose to play. Sometimes it's good to be a seller other times it's better to be a buyer. What concerns me most is the lack of liquidity in the chain.
TheBramble
Legendary member
- Messages
- 8,394
- Likes
- 1,170
For the same reason I always give RR and IMMSM, you've never contested this.Robertral said:
TheBramble
Legendary member
- Messages
- 8,394
- Likes
- 1,170
RR=RobertRalbelinea03 said:
IMMSM=If My Memory Serves Me
Robert always queries my 'take' on options in that I maintain you have a 1:7 chance of making money buying the blighters.
Given that as traders we would appreciate being on the 'right' side of the probability curve, I'd always favour selling them.
Just a personal opinion.
Last edited:
TheBramble
Legendary member
- Messages
- 8,394
- Likes
- 1,170
Absolutely! I'll take all the help I can get!belinea03 said:Robertral,
Do you think we need to educate Bramble on the finer points of options trading
Wrong!!! I need A LOT of education.Robertral said:
Spent 4 years trading options almost always on the buy side and never could work out, even when I got it right, why I wasn't making as much as I should. Read everything I could get my hands on. Took the courses. The lot. Guess I'm just not built for options.
