Trading

Portfolio Goal

The trading portfolio implements ideas and conclusion through derivatives. Resulting positions may be long, short, or delta neutral. Speculative positions are based on technical analysis of the respective markets. Stop / loss levels aim to limit losses for incorrect speculative decisions.

The trading portfolio is highly leveraged. It is intended to be a complement (add on) to some other portfolio. Institutional investors may for example typically use a 90% allocation to a saving portfolio and 10% allocation to the trading portfolio.

Its implementation is complex and requires deep and extensive financial experience and training.

The accounting currency is in US Dollar. Forex exposure is hedged at each EoM.

6th December 2017

Underlying Delta Price Open Date Open Stop / Loss Date Close Price Close Price EoM
RSX 151217 20 Call 15% 2.30 13.11.17 06.12.17 1.70
Nikkei Dec17 Future 15% 20830 26.10.17 20830
GBPUSD 180618 1.24 Put -20% 1.07 06.11.17
CL Jan18 Future 10% 57.77 22.11.17 54.50
Nifty50 281217 Future 15% 10081 06.12.17 9680
EURCHF -25% 1.0672 06.12.17 1.18

30th November 2017

Underlying Delta Price Open Date Open Stop / Loss Date Close Price Close Price EoM
RSX 171117 20 Call 15% 1.86 26.10.17 13.11.17 2.25
RSX 151217 20 Call 15% 2.30 13.11.17 1.77
Nikkei Dec17 Future 15% 20830 26.10.17 20830 22620
EUR/USD -15% 1.161 30.10.17 14.11.17 1.1775
CL Dec17 Future -15% 56 06.11.17 09.11.17 56.73
GBPUSD 180618 1.24 Put -20% 1.07 06.11.17 0.48
Dax Dec17 Future 15% 13073 17.11.17 17.11.17 13022
CL Jan18 Future 10% 57.77 22.11.17 54.50 57.4

31st October 2017

Underlying Delta Price Open Date Open Stop / Loss Date Close Price Close Price EoM
Nifty50 261017 Future 15% 9932 04.10.17 17.10.17 10235
Kospi200 Dec12 Future 15% 307.5 01.09.17 18.10.17 329.2
RSX 201017 21 Call 10% 1.37 04.10.17 17.10.17 1.31
CHF Dec17 Future -25% 1.023 06.10.17 09.10.17 1.0269
CL Nov17 Future -10% 50.62 13.10.17 14.10.17 51.25
Nifty50 301117 Future 15% 10272 17.10.17 30.10.17 10396
Dax Dec17 Future 30% 13099 26.10.17 30.10.17 13208
RSX 171117 20 Call 15% 1.86 26.10.17 1.85
Nikkei Dec17 Future 15% 20830 26.10.17 20750 21950
Kospi200 Dec12 Future 10% 327.2 27.10.17 30.10.17 330.45
EUR/USD -15% 1.161 30.10.17 1.1775 1.1646

30th September 2017

Underlying Delta Price Open Date Open Stop / Loss Date Close Price Close Price EoM
Nifty50 290917 Future 15% 9952.0 01.09.17 22.09.17 9952.0
Kospi200 Dec12 Future 15% 307.5 01.09.17 302.0 317.65
EWZ 201017 37 Call 15% 4.25 01.09.17 21.09.17 6.00
SX5E Dec12 Future 45% 3495 12.09.17 29.09.17 3557