Optos Share Discussion Threads

[praipus] 14/3/2017 16:03

Thanks Harvester.

Alphorn I'm more interested in your FX option trades. Either prior, during or post execution. Risk limitation if long options or short options with cover is of interest.

Things like how far out of the money duration, are you looking at interest rate, time, volatility etc.

Currently my "what if" analysis are nullifying my reasons for trading. I like your previous mention of your gut feel on the Euro it was opposed to mine but sounds like it's going well. When you've closed out the trade please feel free to boast here of your success.

[harvester] 14/3/2017 12:31

I was not aware of this options thread but have now put it on my favourite list.

[alphorn] 14/3/2017 11:27

I have asked the difference between opening a covered forex option and the above.

[alphorn] 14/3/2017 11:16

Here is a worked example from today (Geneva private bank). What do you think?

"DCI’s are similar to Forex options except that they are done in the form of currency deposits

Please see EUR/GBP chart attached. Current rate is ~0.8718

As with options the time period and strike rate can be adjusted, DCI’s are easier to trade for smaller amounts

I have enclosed one example that might be interesting:

In this example (see enclosed indicative termsheet)

Client places EUR 100’000 with possible conversion into GBP

2 months (expiry 11th May 2017 at 10 a.m. NY time)

Rate 4.00% (annualized)

Strike 0.8811


At maturity:

IF EUR/GBP is below 0.8811 client receives back EUR 100’000 + 677.78 interests

IF EUR/GBP is above 0.8811 the whole amount of EUR 100’677.78 is converted into GBP at strike rate of 0.8811 and client receives GBP 88’707.19"

Obviously you might turn the direction put/call etc. but this is how it works.

[alphorn] 14/3/2017 09:25

Summary from google:

A Dual Currency Deposit (“DCD”) is a foreign exchange linked deposit in which the principal can be repaid after being converted into the alternative currency at the strike rate at maturity depending on the spot foreign exchange rate.

What I don't know is whether better than forex options???

This time I am getting ready to close some forex positions. Forex has done very well for me!

[praipus] 13/3/2017 16:22

No sorry Alphorn DCD's are new to me. Sound a bit like futures and I've only traded those with CFD's and SpreadBets.


Where do you trade DCD's who offers them?

[alphorn] 13/3/2017 15:57

Praipus - do you know anything about DCD's? Dual currency deposits.
You deposit funds in say €uros take a strike price say against sterling for which you receive a premium. If the rate hits the strike your deposit switches to the other currency. Could be interesting - advantages over a straight forex option??

[harvester] 23/2/2017 17:02

Today: added to my BT position.
STO dec 300P @ 20
Tried to get better premium but was not possible in this market with bt in strong demand.

[praipus] 19/2/2017 11:39

Bought the Weekend FT in a fit of nostalgia enjoyed it but where is the FTSE Futures Options and Equity Option list now? Has everything gone to America?

[harvester] 17/2/2017 18:24

Today: sold BT.a Dec 300 puts@25.25

[harvester] 14/2/2017 16:40

ALP: I am using data.theice.com/MyAccount/Login.aspx from my bookmarks

[praipus] 13/2/2017 17:15

Pleasure, no UU.

[alphorn] 13/2/2017 12:04

Great!!! Thx.

[praipus] 13/2/2017 11:45

Sainsbury under J :)

[praipus] 13/2/2017 11:42

I couldnt find ESX on it either

[alphorn] 13/2/2017 11:29

Somehow I can not find the option feed on Phoenix. Which drop down tab should have it to link to ICE? 15mins delayed is fine for my needs.

I have the ICE header but nowhere to input the share nor the month?

[alphorn] 13/2/2017 10:35

Have used that site but is it complete - eg could not find Sainsbury?

[harvester] 11/2/2017 10:01

Prof: welcome back .
Don't like the phoenix platform so much . Got too used to their old platform which I found easier to use.
Not been doing much option trading lately due to tax considerations.
How am I? Recovering from serious illness but ok for now. How are things for you investment and otherwise? You still having a business in the southwest?

ALP: I filtered Minerve and not bothered by him . I am using ICE options listing .
Been thinking of selling BT december puts but not yet done so .

[praipus] 10/2/2017 21:27

Havent checked this site during trading hours but it is much easier than the NYSE effort at first glance....

[praipus] 10/2/2017 14:58

It is a shame and now boringly complicated to price up a great idea!

I can use the Hoadley software to give me a value then go to Walbrook/Pheonix for their prices for feasability.

Perhaps we should thank ADVFN for having made the Options Chains available for so long. Until now it has been very useful for pricing and to see a chart of the options price action over time.

Thanks ADVFN please bring the feed back.

[profitaker] 09/2/2017 20:57

No delta, vol, or open interest if that's what you mean ? But you can get that info on the end of day ICE website. Phoenix is 15 minutes delayed though.

[alphorn] 09/2/2017 20:37

Yep, that is what they told me. :(

[alphorn] 09/2/2017 20:36

Profit - yes, is the data available on that platform?

Hope all well.

[profitaker] 09/2/2017 19:17

HarvHow are you ?

[praipus] 09/2/2017 17:32

From the ADVFN HELP thread.

Praipus
9 Feb '17 - 16:16 - 42802 of 42804 0 0 Edit

Traded Options Price Chains?

Dear ADVFN,

Do you know that access to Future and Options price feed is not working?

In particular the Option Price chains for the FTSE 100 ESX Index and FTSE 100 equities which also have PUT and CALL option chains VOD,BP. etc?

Can you restore access please?

Thanks in advance

P.






ruslan1 (ADVFN)
9 Feb '17 - 16:29 - 42803 of 42804 0 0

Praipus,

Please be advised that we no longer provide data for LIFFE/ICE markets.
Due to a low demand and as a result unjustifiable cost the feed has been discontinued.

Regards,

Ruslan
ADVFN