Holding on to HGM , GTN (resp. 2 year & half year timeframe) QQQ condor looking b/e to small loss, I personally expect some more up movement into this expiration closed out IFX, BAY for resp. a small loss and a nice gain & in the meantime hurt my nuts with some directional plays. Tiki
I want to try out gamma scalping.. long 2 C LHA Jul04 12.00 @ 0.86 long 2 P LHA Jul04 12.00 @ 0.71 LHA trading at 12.10 orders in: BUY LMT 12.60 80LHA BUY LMT 12.30 80LHA SELL LMT 11.70 80LHA SELL LMT 11.40 80LHA - shorts I wanna buy back at least with a 30ct gain, longs I wanns close out for also at least a 30 ct gain - LHA - lufthansa : german airline, quite volatile lately. others on my list were: AAB (abn amro, dutch banker) - not available to short through IB, good volatility though BAY (bayer, german chemical) - stock at 22.50 and I have no idea how to start off gamma scalping when stock isnt at strike price,lol IFX (infineon, german chipbaker) - stock at 10.50, same as BAY anyone wanna share insights on how to 'start' this gamma scalp idea when stock is halfway 2 option strikes (must be real simple but this morning (afternoon) i'm quite simple myself due to the not-so-simple roughness of last night ) Tiki
Lufthansa trading 1 cent under average entry price with an ok movement over the day. Still long 160@11.44avg. Still buy orders in at 80@11.70, 80@12.00, 80@12.30 and 80@12.60 Also got into some (300) stock of VRSA (versatel, voice&data in Netherlands, Germany, Belgium) at about 1.60, initial stop for all at 1.50. Tiki
sold 80 @ 11.70.. .30*80 - 8 = another 16⬠orders in effect; BUY 80LHA@11.40 SELL80LHA@12.00 SELL80LHA@12.30 SELL80LHA@12.60 Tiki
sold another 80 @ 70 for 80*.30 - 8 = 16 eur. long 80, sell orders at 12, 12.30, 12.60, buy order at 11,40 Tiki