Well, got back 10points on that move, but it looks like a turn now. US is breaking 11720-40 resistance.
6118.00 = flat. Entering some strangles 6450/5550. If the EU conevenes tomorrow and markets likes/dislikes the accord, there might be some substantial moves.
Closed DAX 6135 but I'm prepared to buy again. I just got positively surprised to find out what a nice profit I made while being long DAX from y'day night ... (have to work sometimes, ) Well, strangless is a good idea but according to my experience: - move has to be massive, move to 5950 from 6120 would just start making money, I believe - leverage has to be massive (This is valid at least for my spreads.)
Gentleman, what a rally. Fabulous. Short reminder: there is a large gap today from the closing price yesterday 6077 to today´s opening price 6177.50. Although gaps do not mean that much nowadays. But just keep that in mind. Otherwise, I will have to close the 6450 leg of my strangles tomrrow it seems.
Wherever the closing price of FDAX for this developing 4 hour time frame (closing price is at 18:00 CET = sell FDAX aggressively.
You can always count on psychopaths like Mr. Papandreou from Greece. After begging the whole world to "rescue" his unimportant little country, he is personally ph...ing the EU, IMF and all other institutions that helped him to get things straight. What a coward!
- selling 6300 puts that I bought y'day morning (50% done) - was buying index short term (5785) , closed 5840+ - bought 5400 puts and prepared to buy OTM puts