What sorts of errors did a young trader like myself make earlier in his career? All of the usual – i.e., expensive – ones. A short list of my mistakes looks something like this:
An investor bought $5.12 million in call options that will be profitable if the Chicago Board Options Exchange Volatility Index jumps at least 50 percent in the next four months.
This is the third sell signal I have seen in the Canadian dollar since the trend has changed back to down in mid-October on the daily chart. I especially like this this sell signal because the Canadian hit the 20-period moving average, which has traders taking profits.
CFTC Commissioner Mark P. Wetjen is poised to be voted acting chairman of the top U.S. derivatives regulator within days.