SPI (ASX 200 Index) Call Warrant trade completed

Closed out the remaining call warrants on Friday when price tested the overnight session highs.... (see 1st chart below).
If you look at the 2nd chart, you can see the supporting price evidence to remain with the call warrants; however due to time decay, it was prudent to exit. The profit margin was minimal despite having held the calls for a major part of the price move from the January lows.


Click on images to enlarge

SPI and ES trades

Finally added some pennies to the kitty in what has otherwise been a week of "Big Mac" profits.

Trades explained in the charts below


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For traders - 4 core or 8 "core" CPU's?

The first screen shot below shows only 4 of the possible 8 CPU threads being utilised while running NinjaTrader, TWS (or your preferred trading platform) and a web browser.

The next screen shot shows most threads at work once additional applications such as screen recording software and image editing software are being used. The image below illustrates how the extra threads "spread the work load" so the CPU can operate well within its capabilities,  ensuring performance isn't compromised.

In summary, most applications used for trading only maximise four cores. However, if recording and editing your live screen images or screen recordings, it's beneficial to have a CPU capable of efficiently running "multi-threaded" applications.

See this post for details of the CPU used in the examples above.

Nuances in short term MA's

In the chart below, while price repeats its behaviour moving to a zone, the relationship between price and the short term MA differs. This relationship can be used to aid both entry and exits. See chart for full explanation using a real time trade in RIO

To summarise: if price gets away from the short term MA expect some rubber band action (in opposite direction) - if price stays with short term MA - expect price to continue in direction of MA(s)

Click on image to enlarge

Friday SPI and MHI

Still hold out-of-the-money March call warrants on SPI index, looking for the SPI to play "catchup" with the Dow/ES at least in the short term as shown in the first chart ......the biggest problem I'm experiencing is the SPI is making strong upward moves in the night sessions (when warrants don't trade) and reversing these moves during the day session....as shown in the second chart below

Closed out a "close-to-money" call warrant position Friday, as well as taking a short trade on the Hang Seng using put options on the mini Hang Seng Futures (MHI)

Trade details marked on charts below

Click on images to enlarge