Kay Van-Petersen
PMI data, Q4 growth and GDP figures are on tap in week 43, but central-bank meetings could be the key events, says Kay Van-Petersen, macro strategist at Saxo Capital Markets.
Squawk / 25 August 2016 at 12:27 GMT
United Kingdom
OK, So I succumbed to putting on one more trade for the day. We were long 6800PUT (corresponding short at 6700) and wanted do something about the risk of market going up. Ideally we don't want our spreads to be longer than one strike, so we decided to purchase 6750Put.

Now the interesting bit - instead of selling the 6800PUT at the market, we decided to use that for a marry trade. We bought a CFD at 6817 and then sold a call at 6800. Only problem is SAXO does not recognise this as a married trade and have upped the utilised margin to 50%.

If we go down from here, CFD starts loosing big time, but you are covered with a PUT at 6800 and also the sold CALL will start winning.

Future trade will now be performed at either 6750 or 6850, whichever level comes first.

At 6850, we will roll the 6900 CALL above and check to see delta on 6700 PUT.

At 6750, we will roll the 6700 PUT below and check to see delta on 6900 CALL.


The Saxo Bank Group entities each provide execution-only service and access to permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on or as a result of the use of the Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail