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Option – a close call
By Rainbow Coin  •  April 2, 2020
Yesterday I tried my hands at Option trading - a short trade on a VIX call option contract that expires in 1 week.



"An option premium is the current market price of an option contract."
Saxo's options are: - American style - Settlement: physical - Contract size: 100

Conclusion
It's highly risky and darn expensive (commission USD30).
I sized wrongly. I could have lost my entire premium if US market failed to slide before the option expires (the slide came today, I am lucky or what?!). 
Yeah and it would make a pretty expensive hedge. So phew...
🤦

You have got the pun in my title.


Oh well. Better stick with plain vanilla EQ and CFD.
---

Gold slide. Investors are moving into cash again.


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By Rainbow Coin
I began exploring the financial world in year 2010, hoping to get out of the rat race and be financially independent. 2010 was the aftermath period of the Lehman crisis when a pretty shaken up market was struggling to recover. On hindsight, that was the perfect time to catch multi-bagger stocks should I be a veteran or at least had some basic knowledge of picking up 'gems'. My learning curve was steep then, as I have absolutely no friends or relative who could shed some light on what's investing about.
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