Sunday, November 15, 2009

FX Options

Been going through a couple of sources to build my options knowledge over past couple months.

Was shown Dan Sheridan's Options videos on CBOE.

WOW.

Amazing series. Really helped make the greeks less fearful. Would be cool to take his program, but $6500 USD is University Tuition.

next step would be testing the water with various strategies.

Currently I want to test out Gamma Scalping with a Straddle. I see this as being perfect for FX as market moves very fast at certain times of the day. Still haven't seen how spreads will affect the idea, but will find out soon enough.

Now things I still need to check up on are:
-How to sell spot market to take profits
-Decide how to calculate volatility on cross traded (ATR?)
-Adjusting