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???
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TheBramble
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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 said:The right direction?
If you're into options - sell them - don't buy them.
Forget M&S - the world and his wife...
Why always sell them???? amazing
TheBramble
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For the same reason I always give RR and IMMSM, you've never contested this.Robertral said:Why always sell them???? amazing
TheBramble
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RR=RobertRalbelinea03 said:RR, IMMSM????
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.
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belinea03 said:I see. Sorry, but I don't share your views on options for all the reasons you would have heard before.
I'm with you man......
belinea03 said:Robertral,
Do you think we need to educate Bramble on the finer points of options trading 😎
Nar, leave him to his own devices.......he's a good lad.......but needs a bit of education with regards to return distributions 😀
TheBramble
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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:Nar, leave him to his own devices.......he's a good lad.......but needs a bit of education with regards to return distributions
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.
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