2013/6/27 UPDATE: DAX weekly chart & weekly options trade - Target2 reached

 

DAX weekly options trade: 

Thursday, June 27: Target 2 - TG2@8000 has been reached - nice profits this week :)

The US Markets are still pressing higher, so there's more upside potential. 

Follow it closely (with a trailing stop) or take some risk off the table (e.g. 2nd partial profit of 3)

2013/6/26 UPDATE: DAX weekly chart & weekly options trade - Target1 reached

DAX weekly options trade: 

Wednesday, June 24: Target 1 - TG1@7880 has been reached

This is a good level to take some risk off the table and reap partial profits (1/2 or 1/3 of the trade size)

 

 

2013/6/24 DAX weekly chart & weekly options trade idea with potential entry / targets

DAX weekly options trade idea: 

Monday, June 24: Entry - bought  a weekly DAX 7600 ITM Call @ 163

(using IGMarket weekly options, DAX@7700,  TimeValue = BreakEven = 63) 

Max Risk of Trade: 163             

Profit Potential(@TG2): 300-63 = 237   

Risk/Reward: risk 100 / make 145 (with directional bias)

Risk Control: maximum risk = premium paid = 163 

(NO stop loss required - weekly options will keep you in the game all week!) 

Next possible entry point @7750 

Contact me if you want to learn more about such risk-defined option trades

that will keep you from being stopped out by erratic market moves.

Have a  successful trading week, Tom

2013/6/10 DAX weekly - last week's forcasts and weekly option trade in review

  

A quick review on what happened with the DAX and my weekly option trade idea of last week:

Monday, June 3: Entry - bought  a weekly DAX 8400 PUT@100 (DAX@8350, IGMarket weeklies) 

Friday, June 7: Exit - sold the weekly DAX 8400 PUT@275 at Target2 (DAX@8075)

Risk of trade: 100              Profit: 275-100 = 175    

Type of trade: risk 100/lose 100 with directional bias

Risk control: maximum risk = premium paid = 100 (NO stop loss required - you stay in the game!)

2013/6/3 DAX weekly chart with potential entry and target points

3 June 2013:  DAX weekly chart with potential entry and target points TG1/TG2 for the week