Hello
everyone. Welcome to the Twelve Oh Two blog.
This
blog will focus on trading in the Australian market, with a current
focus on options and warrants. Due to a number of reasons, options
trading is very illiquid in the Australian market. Less than half the
stocks on the most common index the S&P/ASX 200 are traded as
options. Making granular trading difficult.
I
will state early on that I have one major trade for which I'll be
focussing. The widow-maker of Australia. Going short on the
Australian banks in the common parlance. Since this is an options
blog, I'll be mostly starting on that as my details.
I
do not believe that the EMH is correct in a strict way. My opinion is
that HFT tends towards legalised frontrunning. I
cannot time the market, I will almost always buy options with
expirations of 6 months or more.
I
will not disclose my identity at this stage. I am not a financial
professional, I at no point give any financial or legal advise.
Consult someone who knows what they are doing for advice. Which will
be difficult given many professionals are terrible at their job.
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