Sunday, January 11, 2009

Surabaya Live OPTION Trading

Sunday, 21.35PM WIB

Dear OPTION Traders

Friday Morning I post that we must look closely at Energy Sector
cause fund managers move thier funds to that sector

Friday Nite, I was at Surabaya Plaza and do Live Trading.
10 Minutes after market open, Energy went the other way
so we decide to pass XOM & CVX


We look at ROH, since the IV is > 100%
we decide to do Credit Spread
capital $500, Credit $60 for 7 days

We Sell STO PUT 50 Jan
and Buy BTO Put 45 Jan
Total Credit $0.6

If ROH > 50 this Friday, we keep all the Credit


Peter Sufandri

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