options

could possibly sell a put to prepare for a downside signal, and collect theta from the short straddle until the call and put expire...

stopped outt

ok stopped out cable and euryen for a loss, still short usdcad, and took a nzdusd long @ 7799.

Currently thinking:


december .80 call is .0173 on cme.
my SL on kiwi is .7699.

if i was to sell the call, my max loss is Spot loss (1000$) + Premium on short call so ~1730. thats ~730 profit if stopped out.

my max profit is options premium - spot price + strike price or .0173 - .7799 +.8000 = .0374 pips...or 3740$

problem being, what todo with a naked short call option until it expires?

Idea for excel sheet is programming a Spot price, option price calculator to try and price out different ways to use this ($ based not pip based). if that makes sense...i am kind of tired.

anyways...NEWS!

Signed up for Calculus as well as Linear Algebra for January at my old University. Online school just wasn't for me.

ALSO:

http://blogs.wsj.com/marketbeat/2010/11/09/chinese-credit-rater-downgrades-us/


dun dun dunnnnnn

demo's

I need a demo for FX options and fx spot.

anyone have a recommendation?

Updates

Ok so got stopped out usdchf +3...lol

usdcad was like +115 or something like that.

Current positions:

100k long gbpusd @ 1.6124 current price 1.6263 +/- +139 stop 1.5975 -149
100k long eurjpy @ 114.91 current price 114.89 +/- -3 stop 113.60 -131
100k short usdcad@ 1.0036 current price 1.0030 +/- +6 stop 1.0175 -139
Current Total +/- +142 if stopped total -419