Monday, 19 November 2012

NovWk4 - Short Trading Week

With thanksgiving on Thursday and a half day trading on Friday itself. It would be good to try to get a trade in on Monday itself, which means tonight (SG time) would be a potentially good time to sell a trade.

That said, it would be prudent to look for a far enough premium just so that we can avoid any nasty surprises. My thinking is this, for Wednesday, trading might be slightly on the quiet side, which means premiums might not be high enough. So it might be good to think about hunting for a suitable premium on Monday itself just so that the range is there.

Otherwise, the best time to enter the market would be on Tuesday itself, and possibly a trade on Wednesday, although personally by Wednesday, I think it might be prudent to sit this one out because premiums might be very near to current price.

And I doubt there will be very much action on Friday since it is a half day, but I might consider GLD on friday since it tends to be more volatile. But with GLD, you will never really know what will happen.

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