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GLOBEX 6E NOV 8 <74> Weirdor Futures Options (EURUSD)

Discussion in 'Options' started by tom, Aug 27, 2014.

  1. tom

    tom Administrator Staff Member

    NEW TRADE
    EURUSD 1.31623 -0.000055 -0.04% (Trading the GLOBEX 6E futures options)
    EURUSD has been trending lower and volatility has increased. It looked like a good time to start a weirdor. There are some trade challenges with the GLOBEX 6E futures options:
    - No spreads are allowed
    - No mid-prices. Buy at the ask or sell at the bid.
    Even with this headwind, the margin and returns are good enough to make it a good trade. I didn't get filled on my calls. Hopefully EURUSD rallies tomorrow :)

    NOTE: OptionVue multiplies the EURUSD by 100. The value of each penny is $12.50 so 0.10 in the OptionVue display = $125.

    VIDEO UPDATE

    EURUSD 3-Month Daily Chart
    2014-08-26_EURUSD_3-Month_Daily_Chart.png

    OptionVue Matrix
    2014-08-26_6E_NOV_8_Weirdor_Matrix.png

    OptionVue Analyze Chart
    2014-08-26_6E_NOV_8_Weirdor_Chart.png

    Interactive Brokers Trade Log
    2014-08-26_IB_Trade_Log.png
     
  2. tom

    tom Administrator Staff Member

    TRADE UPDATE
    6E 1.3196 +0.0022 0.17%
    The EURUSD rallied today so our trade is overcoming the negative effects of slippage from entering the trade yesterday. The position is down but not very much. LOTS of time to go on this trade.

    OptionVue Matrix
    2014-08-27_6E_NOV_8_Weirdor_Matrix.png

    OptionVue Analyze Chart
    2014-08-27_6E_NOV_8_Weirdor_Chart.png
     
  3. tom

    tom Administrator Staff Member

    Trade Update
    6E 1.3184 -0.0013
    EURUSD traded lower and bounced around a bit, closing down slightly but still in a consolidation range. No trades today. I'll shoot a video tomorrow after some sleep (well.. today as it's after 6am CET)

    OptionVue Matrix
    2014-08-28_6E_NOV_8_Weirdor_Matrix.png

    OptionVue Analyze Chart
    2014-08-28_6E_NOV_8_Weirdor_Chart.png
     
  4. tom

    tom Administrator Staff Member

    Trade Update
    6E 1.31318 -0.00510 -0.39%
    The EURUSD was lower today and our position lost some ground. We're still in good shape as it's not a quick move down and there's still a lot of time so it's a very wide trade. Not much to do today.

    OptionVue Matrix
    2014-08-29_6E_NOV_8_Weirdor_Matrix.png

    OptionVue Analyze Chart
    2014-08-29_6E_NOV_8_Weirdor_Chart.png
     

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