I’m about to get involved in covered calls. I notice you prefer one month just OTM calls yielding 3-5%/month. I find this strategy offers very little downside protection and it would be easy to quickly slip into a loss position. I’m a novice but writing 6-12 month ITM or ATM Canadian bank calls with much larger premiums makes sense to me as it offers greater downside protection, more time to react to a downward movement, a greater opportunity to collect dividends and a greater chance of having my shares “called away” which to me is a plus as I only collect my maximum profit potential when that happens. I may even consider OTM calls if I think the share price has a good chance of going up. I would be happy if this strategy yielded 15-20% annually. Your comments would be greatly appreciated Anna. Thank you from Vancouver, BC, Canada
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- Talk of a £1.2bn payout warms up Centrica February 3, 2012As an Arctic chill gripped the country, British Gas-owner Centrica warmed up nicely amid suggestions that it could pay a £1.2bn special dividend. […]
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- GBPJPY – Moving Lower January 30, 2012Last Thursday’s short call on the 240 min gbpjpy chart duly in the overnight Asian session, since when the pair has continued to move lower. The chart shows a healthy red trend, with a red heatmap, red volume with my double timeframe also red I am not expecting a reversal higher any timeRead More... […]Anna
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Archive for February 2009
I would like to bet on the Hungarian forint to weaken against the Euro. (a) What’s the best exchange and contract for me (I’m a U.S. citizen) to do this with, taking into account volume/liquidity concerns? and (b) what would be a good spread trade — in terms of size and expiry-months — to start with? More generally, am I better doing this with futures than with a forex bank account?
Hello, I see where you have a lot of info on your sites about currency and currency option trading. However, do you recommend a service(s) for trading CME currency futures? And/or currency options? I may have overlooked this. Thanks for your time.
Hello Anna, hopefully you may remember me my name is Marcus. We spoke a number of times but not for sometime. Unfortunately due to the current economic climate I had to leave my current company. I am very interested in your site and learning as much as possible to see whether I could develop some form of income through trading. I must confess I really don’t know where to start. Could you suggest the best place and the best markets for a learner trader?? I thank you for your time and appreciate that this site is aimed at women so please say if I shouldn’t really be on here. Thank you – Marcus
The Dow Jones Industrial Average closed at its lowest level since 2002 with a fall on the day of 1.3%, along with the S & P which fell 1.1%. The Nasdaq was marginally better down less than 1%. Telecoms and materials were the best performing groups of the day, with utilities and energy being the worst.
Hi Anna. For financial spread betting, if I choose to let my daily market bet roll over to the next day, will I incur any cost other than the “relative funding rate”, even if the stock price is unchanged? What I am worried about is that I will also be charged for half the spread. Example: say the stock quote is 100 – 105 and I choose to buy at 105. If the stock price doesn’t change at the end of the day (and I let it rollover) then will I also be charged the 2.5 points between the mid price and buy price? Hope this makes sense! Thanks, Mark
Hi Anna, I see that you use the change in open interest as an early indication of possible market direction change. I was wondering if you also use the Changes in Commitments from the previous week to help you in your decision for making the trade. I might be totally of base on this because I have not seen any of the previous weeks information yet so it might not even show me how this would work. I just can’t seem to find previous weeks data. I appreciate your help on this question and God Bless! Doug
Hi Anna, I found your site because I was googling on Market Makers. Your articles on the topic was very helpful. It isn’t a topic that’s talked about much but it really deserves more attention. After all, any of us private traders are essentially battling against the MM. You’ve touched on a few examples and explain them from an MM’s perspective. I’ve not really thought about it in those terms even tho I’ve simply remembered the axioms like “higher prices on declining volume is bearish.” Do you have more examples covering volume and price synchronous interpretations? Is there a book perhaps you’ve come across that summarizes this topic? I look forward to learning more on this topic. Many thanks! Xin
Dear Anna, i am a small intraday trader. i want to ask a question, “where i have to set stop loss order”? in order to prevent more loss.
Anna, Fab site, first site I read when I got interested in trading earlier this year. I have now read many other sites, books and it seems to be paying off – finally in the black. I have been dipping my toe into FX trading using spread bets and so far I am showing a profit on short term trades. I have two questions (hope that’s allowed) – 1. You don’t mention the use of spread betting for currency trades much – I wondered what your opinion was? 2. I am using Sharescope primarily which is fine for longer term trades (use Plus version) I was wondering if you could recommend a site of package for shorter terms trades? Many thanks Wayne Toms
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(c) Financial Times Limited – 2010
- Stocks surge on strong US jobs data February 3, 2012Equities and commodities benefit from robust US employment data with the FTSE All-World index at its best levels since start of August […]
- Dollar rises as jobs boost dents QE3 speculation February 3, 2012The dollar strengthens after US data show a larger than expected rise in employment with investors taking this as a positive signal on the economy […]
- Riot halts Egypt bourse rally February 3, 2012Stock exchange index drops 2.2 per cent following deadly riots, following 28 per cent rise on January. […]
- Aussie dollar hits five-month high February 2, 2012Currency bounces after data shows Australia’s trade surplus rises to a record high in 2011 while Swiss franc loses some of its recent strength […]
- ‘Too early’ to spot gaps in global regulation February 2, 2012Increasing concern differences in the way G20 reforms on derivatives are being fleshed out by region could lead to ‘regulatory arbitrage’ […]
- SNB head warns of political fallout after crisis February 2, 2012Thomas Jordan, acting chairman, says bank has come under domestic political pressure over the potential cost of further interventions […]
- Jordan vow to continue SNB intervention February 2, 2012Thomas Jordan, acting head of Swiss National Bank and thrust into the limelight after his boss’s swift departure, promises to continue radical policies […]
- China’s capital flight looks ready for take-off February 2, 2012As sentiment toward the renminbi sours and the political outlook is more uncertain, Henny Sender predicts more money will leave the mainland […]
- Traders on alert for Swiss intervention February 2, 2012Franc reaches its strongest level against the euro in almost five months, putting it near the level at which the SNB has previously taken action […]
- Production data boost stocks February 1, 2012Risk assets are firmer on better than expected manufacturing data from China, Germany, the UK and US, but concerns about America resurface […]
(c) Financial Times Limited – 2010
- Call for Bumi vote on Rothschild criticised February 5, 2012Person close to the group says investors have long been critical of Mr Hudaya but that the idea of ousting Mr Rothschild is more contentious […]
- Iran softens line on cutting oil to Europe February 5, 2012Iran has indicated that its threat to cut oil supplies to European states in order to pre-empt an EU oil embargo may be only a symbolic one […]
- Brent pulls further ahead of West Texas crude February 3, 2012Commodities enjoy strong start with the price of Brent crude supported by geopolitical concerns and the demise of Petroplus […]
- BP safety committee chief to leave board February 3, 2012The impending departure of Sir William Castell is the latest shake-up at the top of the oil group since the Gulf of Mexico disaster […]
- Dinner that put Glencore-Xstrata on the menu February 3, 2012A series of issues had held up a merger, key among them the governance structure of a combined group […]
- Gazprom cuts gas supplies amid cold snap February 3, 2012Russian company in dispute with European Union as it says countries demand more than it is contractually obliged to deliver […]
- Winter freeze fuels fear of wheat price jump February 3, 2012The freeze in eastern Europe leads to cuts in forecasts but prices soften after Russia says there is no need for export restrictions in April […]
- Investors beware gold’s deceptive beauty February 3, 2012Demand for gold has jumped this year, but its stint as a hybrid between a haven and a risk asset could be coming to an end, says Gregory Meyer […]
- Glencore and Xstrata turn to City dealmaker February 3, 2012Michael Klein, the former Citigroup head of investment banking, helped mediate talks over the proposed merger […]
- Xstrata deal reveals perfect price on Glencore IPO February 3, 2012The proposed $88bn merger endorses Glencore’s much-criticised $10bn, 530p a share flotation, showing that the IPO price was right […]
(c) Financial Times Limited – 2010
- North Asia to lead wave of M&A activity February 5, 2012Japanese and South Korean companies are expected to lead a wave of acquisition activity out of the region this year […]
- Positive employment data lift US stocks February 3, 2012US stocks hit six-month high on news that unemployment fell to a three-year low in January with banks among the main beneficiaries […]
- Stocks surge on strong US jobs data February 3, 2012Equities and commodities benefit from robust US employment data with the FTSE All-World index at its best levels since start of August […]
- Volatile banks push Europe higher February 3, 2012Rapid gains for Société Générale and Crédit Agricole helped the FTSE Eurofirst rise for the fourth consecutive session on Friday […]
- Chartists have a cross to bear February 3, 2012Analysts’ favourite is little help in spotting trends, says David Schwartz […]
- Insurers head gains with FTSE eyeing 6,000 level February 3, 2012London makes broad-based gains with only six FTSE 100 stocks falling as US jobs data and purchasing managers’ surveys lift sentiment […]
- Look before you leap, Mr Zuckerberg February 3, 2012In an open letter to Facebook founder Mark Zuckerberg, Joe Saluzzi of Themis Trading suggests the stock may become a chip in a giant casino […]
- Growing pains for industry in a hurry February 3, 2012A raft of challenges made 2011 the toughest year yet for providers […]
- Asian stocks drift lower on weak earnings February 3, 2012Asian stocks dip ahead of US jobs data later in the day, while downbeat corporate earnings continue to sway investor sentiment […]
- Caesars plans IPO to allow investors to sell February 2, 2012Casino operator makes fresh attempt to list publicly and aims to raise only $18m but move will allow unnamed co-investors the opportunity to exit their investment […]
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