Short DAX at 7740

"Cheap" is always a good thing !

 

Last print 6674.00. Exit of all our 6900.00 puts.

NAV up more than 20 % this month.

Thank you for the sell off London desks, thank you for the sovereign debt "bail outs", special thanks to all "journalists" at Financial Times, Wall Street Journal and Bloomberg !

 

Large player bidding 980 contracts at 6668.00. Ay, ay, ay. What a coincidence...

 

EUR, DAX aligned, ready for big upmove.

1. target 6750, far target 6825

 

Last print 6798.00. Target may be 6818.00 but not sure about this one, so we are getting rid a bit off our 7200.00 calls.

 

Sell 6814.00 or better.

 

I guess they were Jan/March because I'm still just breaking even considering bid-ask spread.

 

There are some really strange "senseless" buy programs being executed in FDAX. Obviously some algos still have not learned to hide their intentions...

 

Last print 6839.00. Getting rid off the next led of 7200.00 calls. Too funny these algos. Just pull your bids and you will see how fast we´re moving back down 150 points...;=)

 

I would not say that they are senseless.
That is how I make money scalping.