Updated

Short Term Trade: "Trump Straddle"

To profit from tonight Trump speech i opened this morning a short term straddle.

Call out of the money 12.050
Put out of the money 11.650

The medium to longterm bias is unchanged so far. Usually i do not bet on short term trends. Tonights speech is a typical event i use straddles at times.

Note

FEB 28 2017: DAX closed today at 11.834 - means more or less exactely in the middle of the range. Puts and Calls breakeven (more or less) exactely 220 points higher or lower than todays close. This is what i expected. The set up for this trade is prepared and ready.

Note

March 1 2017: DAX at 12k. Momentum is to the up side and in Europe. Geopolitics is still the trigger for Stockmarkets.

Note

March 1 2017: 12.070 DAX cross break even point

Note

MAR 1 2017: DAX to close at days high and closing in to new record highs.

Trade active

MAR 16 2017: DAX closing in to New All Time High.

Trade active

MAR 29 2017: DAX closing in now to a New All Time High and will make it probalby in the next 2 trading days.

Note

MAR 29 2017: After Hours DAX 12.240 - just 150 point missing for a new All Time High.

Note

MAR 30 2017: DAX with new multi year intraday high 12.267 or just 123 points below the 2015 all time high.

Trade closed: target reached

Trade closed manually

Note

MAR 31 2017: Longpositions of this straddle are closed now. Short positions still running.

Comment: MAR 31 2017: After hours. The DAX was tradet at 12.280 - almost at ATH levels.

Traders should focus now on this Issue. Marketscould react with a major sell off to any (!) Testimony.

SwissView

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

SwissView

Also on: