Got your (will reply to) PM. IG and others have a CFD with embedded risk-reversal. You losses and gains are capped to 200 or so in FDAX. I haven't looked at it lately. I've only traded CFDs as a hedge on a binary or touch market to keep the haircut within that specific dealer. The edge loss is a few ticks as the R/R would be very cheap on 200-points in a single session. In reality, I doubt they layoff that <200 risk. I don't know if they even offer than anymore. With IG in FX you can get a guaranteed stop for a 2 pip premium. I don't know if the offer it on shares and indices in the EU. In the US it's only on FX. www.igmarkets.co.uk has a lot more products than the US subsidiary, nadex, who needs to be classified as an exchange rather than a OTC dealer.
Plenty of these types of trades out there....who every bought V may 4, 2012 120 puts at $0.25 this morning would be smiling too....
Nothing done, but if I were inclined I would be a buyer of the 80/110/140 July fly at 11.00 risk on short-gamma (10.70 mid).
40% OTM and two days to expiry would be the equivalent to a lotto ticket, except the payout on the lotto ticket is much higher.
Forexforex is back. Nice sleeper nick you're using. Discrete. The woods are lovely, dark, and deep, But I have promises to keep, And miles to go before I sleep, And miles to go before I sleep