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craigemm
Jun 14, 2020 8:00 PM

HMMM.. MARKET IN 4 BIG FALL ? Short

ASX:XAO1D
All Ordinaries IndexASX

Description

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Charts not showing much conviction.


..but just look at those INDICATORS..!! [ tis a thing of beauty for SHORTS! : ]


jULY 9th PUTS in today! potential 30K from $2850.

Expecting BIG plunge before Expiry.

Also BUYERS MARKET 4 Equities. YAY!


xCM
Chart PatternsTechnical IndicatorsWave Analysis
Comments
craigemm
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HAHA RBA STRUGGLING TO KEEP THE LIE AFLOAT!!!

How close can they get to flat-lining it...! I wonder...?

xCM
craigemm
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Check this important article>

In particular "QE Shrinks" - gives some precise figures on what the Fed has been pumping in and how they intend to significantly lay off the printing presses :

seekingalpha.com/article/4353370-fed-just-issued-dire-warning-for-stock-market

For those that dont know about Seeking Alpha, it is my go to resource for high level Finance Commentary from the best informed in the business. Subscribe for free, find the contributors that resonate with you and level up in

terms of your knowledge. I learn new things from their QUALITY contributors every day!

Be aware there are some hacks as well but you'll be able to sort the wheat from the chaff fast enough.

xCM
Star2k
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Hi Mate,

I don't understand what are you talking about.
would you like to let me know what you mean from your post please.
you said you made a put option at $2850? the due date is 9th July?

if so, I think the market won't hit so low. oppositely, it will go up.....

....
craigemm
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@Star2k,

Hi Star, Im talking about buying Put options which will benefit if the Market goes down.

Unfortunately I woke up late so the Market had moved making the Option series that I was going to buy more expensive and was actually already somewhat 'in the money'.

So I bought another series with a Strike price just below what the Market was at at the time. I bought 2 contracts @ 5750 for the XJO (ASX TOP 200) not the XAO as you cant buy XAO

Exchange traded Options. As at Market close IAM already 'in the money'

: D

They cost me $2000 each and if the Market drops to 4500, I stand to make about $22,000.

As for your prediction hmm, no, dont think so but best of Luck.

cheers xCM
Star2k
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@craigemm,

Hi Craigemm,

The short term trend is going down, that is no doubt. but it is might bounce back at 5341, and then winding for a week maybe. after that there are a strong support at 4980. I don't think the low will be 4980.

I think before 4980 the index will go up again.

you are in money any way.

may I know how you can buy the contracts of Index in Australia? that is what I wonder for a long time.

Cheers

Star2k
craigemm
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@Star2k,

are you in Australia?
Star2k
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@craigemm,

Yes, I am in Australia.
craigemm
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@Star2k,

CMC Markets do ETO's.

Its an excellent, comprehensive and very professional Platform.

The only thing its missing is Futures.

cmcmarkets.com/en-au/

Check it out , its the fastest way after much stuffing around with other brokers etc I found to get trading ETO's

...but be careful if you are not sure what you are doing..??

Options can bankrupt you.

Good luck.

xCM
Star2k
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@craigemm,

Hi Craigemm,

Thank you very much. I got Westpac, I just need to make an application. lets see how it goes.

May I know if you pay any monthly fee for CMC and how much generally please..

I know how Options work, just don't know they have the product available.

I found information sourcing in Australa is not that adequate compare America.

I also found optionsgame.com.au/ a quite good simulation online platform. if anyone want it, you can share to them as well.

Kind regards

Star2k.
Star2k
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@craigemm,

Hi Craigemm,

I just open the Options account at Westpac but I found XJO contract size is 1000.
do you know what happen please?

For example XJOD37 put offer $2.61, but when I place a long order qty: 1

it says $2610.00 + $38(fee)=2648.00.

I think the contract size is too big to risk..

Do you have any idea please, except XJO, can you please let me know more indices options please

Kind regards

Star2k
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