Volatility Straddle on Comey, UK-Election and ECB

GERMAN STOCK INDEX (DAX) (TVC:DEU40)

Updated

TVC:DEU40 GERMAN STOCK INDEX (DAX)

For this week there are two bigger Events and one major events schelduled.

- ECB monetary decission
- Comey / Trump testimony
- UK election result.

The volatility is going to raise on each of this three events. The short-term strategie is straddle, means to buy put and call options same time.

Finally it will me not a straddle straigh like know in definition. Calls and Puts will not have same size and they probably are not bought at the same time.

Comment:

Remark: This trade will be made with another trader using a small number of extreme high leveraged OTC options. The put option to short the DAX was scheduled to buy this morning but we need to wait until the required broker account is ready for trading. We are going to use special OTC options for small traders. The trading hours are extended from 8 am in the morning until 10pm. This will be a joined one time trade together with a talented oversea trader.

Comment:

The schedueled put option should had been sold now with a net gain of 100%. As said before this are extreme high leveraged OTC products for retail traders with short maturity of just 6 left trading days. In this case we are still waiting for the opening of the broker account.

Comment:

General Election 2017: Conservative poll lead over Labour narrows to just one point

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Trump says ahead of former FBI Director Comey's testimony: 'I wish him luck'

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General election poll: Tories will fall 22 seats short of a majority, says latest YouGov model
Projection suggests Tories are on course to win 305 seats

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General Election polls: Survey finds Labour may have won enough support in the south east to beat the Conservatives

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Trump seeks legislative wins to cast off shadow of Russia probes

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European shares tread water as UK election, Spanish banks in focus

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Wall St. edges higher as Thursday's events awaited

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Trump pushes infrastructure plan as Russia probe heats up

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Stocks close higher as Street hopes Comey testimony will be less damaging to Trump than feared
Former FBI Director James Comey is slated to testify in front of the committee on Thursday and answer questions, marking the first time he publically speaks since being fired from his post.
The Senate Intelligence Committee released Comey's full opening remarks Wednesday afternoon, at which time the major indexes traded back near session highs.

Comment:

Polls now moving more to Theresa May:

Comment:

Also to remind - French parlamentary Elections on Sunday:

Comment:

Straddle is activated and in place now. Used are high leveraged OTC call and put options for retail traders with short maturities.

Comment:

French parliamentary election polls point to Macron landslide
First-round results for overseas voters have La République En Marche candidates ahead in 10 out of 11 constituencies

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Four reasons why the French parliamentary elections matter

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Comment: OECD ups global growth forecast to six-year high; downgrades US

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Comey testifies and the ECB meets: Here’s what could drive the market on Thursday

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German Bunds: Technical Signal on Time. Click on this Chart to Lias new Bars.

Comment:

UK polls are uncertain. This time most polls are wrong. The last 24hours polls telling each different stories.

Final election polls give Jeremy Corbyn the lead over Theresa May for the first time
Eve-of-vote poll by research company Qriously gives Labour a slender advantage over the Tories for the first time

Comment:

UK election: Theresa May could lose parliamentary majority, exit poll shows

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