Forum Archive Index - October 2003

["Moira & Phil Biggs" <moirabiggs@xtra.co.nz>]

Hi Woody

 

Cool trade! Its nice to have like minded people on the forum who are willing to share their education with us. We found it extremely difficult to find quality options trading education and had to travel to Australia to get it. If anyone out there is interested in options trading we highly recommend looking at www.options21.com.au as they are a professional company with many years of experience in all financial markets. They are planning to come to NZ in November this year to run a training course which may be of interest to some people. Below I have copied their personal profiles which shows you the quality of people that are involved in Options21.

 

Moira.

 

 

Paul Wise (B.Com) Course Presenter	As an educator, researcher and futures broker for the past 13 years, Paul has studied and traded all aspects of Exchange Traded Options Markets. Paul is a recognised expert on volatility based trading strategies. In 1999 he searched the globe for an Options Analysis Software system, that could dramatically increase his research efficiency and ability to find trades. His search resulted in forming an alliance with a Chicago based options systems developer OptionsVue Systems, provider of the world's most advanced Options Software. In December 2000 he left broking to pursue his passion and devote all his time to the development of both, directional and volatility based trading systems. He now extensively lectures on options theory and applied trading strategy. Over 1500 people have attended his seminars since late 2000. Click here to read some of the feedback he has received.
David Vassallo (B.Bus)      Course Presenter	David has been involved in equity and commodity markets for over 25 years. He was formerly the Head of Technical Analysis for JB Were & Sons for over 17 years, where he povided analysis to Australia's top institutions and most recognisable fund managers. David has twice been voted No.2 Technical Analyst in Australia. He is an active trader and now holds the position of Executive Director - Research for Axis Financial.

To assist over the length of the course:

Darren Burns (B.Mas)	Darren has been involved in the financial markets since 1988. His most recent position was with ABN Amro Morgans, where he was an Options and Derivatives Dealer. Previous to that, Darren had been working in Hong Kong, London and Singapore for Soc Gen, Barclays/BZW, Jardine Fleming and Chase Manhattan. Darren's roles have encompassed managing institutional futures desks to active funds management. He has trading experience on most exchanges and products, and has a strong understanding of volatility and its applications to trading. He is level 1 & 2 derivatives and PS 146 accredited.
Michael Parnell	Michael has been involved in the Options markets for over 17 years and is an expert on volatility based trading strategies. He began his career as an options board broker for the Ooptions Clearing house in 1987. He then went on to become an options operator on the ASX for County Nat West Securities. In 1991 he was promoted to the position of Proprietarty Options and Derivatives trader, where he was responsible for the day to day management of inhouse option books. He held this position until 1999, working for Salomon Smith Barney. Michael is now a Level 1 & 2 accredited advisor with a member firm of the ASX.

 

 

----- Original Message -----

From: fntradingsolutions

To: Sharechat@sharechat.co.nz

Sent: Friday, October 03, 2003 11:33 AM

Subject: [sharechat] Options by Woody

Please I am not showing off by my e-mail here. The purpose is to show that there are other trades besides, fundamentals and shares. So please give me flak for the system not my motive!

 

I bought on Sept 9th several ( Shall we say 10 hyperthetical ) Put Options on the SPI when the price was 3248.  I bought

'10' at a strike price of 3250 for a cost of 90 = 90x 18 x10 = Total outlay $16200 plus commission. My Risk factor was locked in at 8% = $1296 . I sold them on Oct 2 for 176 each = 176x18 x 10 = $32220 at any one time my total risk was $1296.

That was my worst scenario. All based on the fact that 3250 was my cycle high which had to be reached by Sept 9 - 12.

 If anybody would like to know any more detailed info on this type of trading just let me know.

I am here to help NOT BRAG!

Woody