sinding

冇人俾到意見，我睇应喺蝴蝶用武之时。

rickso

E+ IV咁低，小弟都系等BYK lu。不過會唔會再爆多一次俾機會SOP lei?

rickso

有機喎！兄弟齊心，go,go, go!

rickso

結果沖咗兩次雙頂又落坭。要等大貴BB嗱埋先啦！暫時未爆住，系咪呢各位 ching?

fatpat

Good afternoon

fatpat

引用:

原帖由 silver 於 2013-5-20 21:45 發表
it looks the market uptrend is very strong. 7 days  moreto closing, guessing will down to 23200 and up to high closing 23600. Please advise. It's been very quient this forum last few days.

If you think May won't settle higher than 238 and Jun will up then do a Calendar Spread

Jun LC242   @100 Delta 0.17 Theta -4      IV16
May SC238  @50   Delta 0.18 Theta -7.75 IV14.8

You lose if big drop in the coming 9 days.  Max loss 50pts if HSI drop next month.
Or market sudden shot to the roof next week.

Assume big jump to 240 on May 30
May 238C @200
Jun  242C @315 (HSIM3 @23800, IV16)

Assume slowly drop 400pts
May 238C @0
Jun  242C @50 (HSIM3 @22600, IV16)

Look pretty good to me.

Anyway you can always square the Jun 242C if you find the market drop big,
provided that you have enough margin for the poor May SC238.

No idea about the initial margin, but think not much.

Happy Trade

fatpat

Will try to update this trade EOD for the rest of the month.

fatpat

Or if you mean May will settle below 236 then you can SC236 instead.

fatpat

If you have margin and more aggressive,
currently estimate Jun swing within 218 - 244.

Jun SP218 @100
Jun LC238 @178
Jun SC244 @77

or SP higher if you are more aggressive

silver

Thank you vey much for your very detailed reply. I just back home not have time to digest your valuable strategy. Anyway you are the one (after my long time observe of this forum) I admire for you always giving non-selfish strategies espesicaly at month end. It's been helping for me.