Well if Oanda opened up their platform for free and let some chart/system developers go wild without the 600 dollar charge a month. I think they would be growing alot faster. I like the fact that I can can put out a no touch for less than 12 hours! In FXCM---you got to go over 12 hours. I went like 2.5 and 3 days on the expirations. The options priced out at about 90 percent of payout ---so it was almost like a one to one payoff with the close expirations. But it has been some of the easiest trades ---I have ever done. Two out of three are going to pay and if the one downside barrier gets hit it will only cut my profit by 1/5th (I risked less money on that one). I just put out no touches in markets I knew were not going anywhere over a few days. Not rocket science. I really like close expirations. My edge is knowing were the market is going to be or NOT going to be over a few days time frame. Every once in while I catch a big trend ---but usually in pieces. Anything I hold more 2 weeks should get long term Capital Gains tax treatment. I can find Forex trades all day long that I know are NOT going anywhere!!!
DAX no touch -- 4760 Premium: 45,200 EUR Payout: 100,000 EUR [includes prem paid] Expires: Sep 28, 2005 Sold 20 FDAX at 4863.00 avg., into the strike. 8,000 EUR, spot = strike risk. Conditional order in place to offset futures with a touch of 4760 on DAX cash. Upside b/e at 4945 DAX cash.
Received a signal to go long the following basket: KLAC/TXN/XLNX/INTC at the open this morning. Basket closed at $130.57 yesterday. Trade PnL will not be reflected in blotter.
I really don't want to disclose the basket beyond the obvious, and that it's unweighted. Equal share qty:ticker. I would hedge with NQ, but this is a spec-trade. I will not be hedging this basket.
SPX Double barrier no touch -- 1198//1239 Premium: $62,400 Payout: $200,000 [includes prem paid] Expires: Sep 28, 2005 Long many delta here into a perceived short term bottom.