cba - gse, page-6

re: cba - gse , and warrant help please Hi Gse, with ETO's most of the trading occurs in the afternoon session ... there is an old saying that "amatuers open the market and pro's close the market".

CBA ETO trades so far today...
CBAH3 C 13/08/04 0.10 31.450T 31.450T 0.000 0 526 1000
CBAJK C 26/08/04 27.50 4.135T 4.135T 0.000 0 0 1000
CBAJD C 26/08/04 28.00 3.640T 3.640T 0.000 0 83 1000
CBAJ3 C 26/08/04 28.50 3.140T 3.140T 0.000 0 0 1000
CBA87 C 26/08/04 29.00 0.000 0.000 0.000 0 218 1000
CBAE8 C 26/08/04 29.50 0.000 0.000 0.000 0 283 1000
CBA3S C 26/08/04 30.00 0.000 0.000 0.000 0 125 1000
CBA5C C 26/08/04 30.50 1.155 1.230 1.210 11:44 70 87 1000
CBAFK C 26/08/04 31.00 0.770 0.810 0.810 11:52 291 420 1000
CBAFS C 26/08/04 31.50 0.455 0.485 0.470 11:59 134 1398 1000
CBAC7 C 26/08/04 32.00 0.230 0.250 0.235 11:57 89 1311 1000
CBAEK C 26/08/04 32.50 0.105 0.120 0.120 10:46 25 859 1000
CBAF6 C 26/08/04 33.00 0.000 0.070 0.000 0 605 1000
CBAF8 C 26/08/04 33.50 0.000 0.100 0.025 11:59 2 930 1000
CBAEO C 26/08/04 34.00 0.020 0.006T 0.020 12:12 20 1249 1000
CBAFV C 26/08/04 34.50 0.002T 0.002T 0.000 0 107 1000
CBAFW C 26/08/04 35.00 0.000 0.000 0.000 0 15 1000
CBAFF C 26/08/04 0.01 30.790T 30.790T 0.000 0 120 1000
CBAUG P 13/08/04 0.10 0.000 0.000 0.000 0 0 1000
CBAJJ P 26/08/04 27.50 0.020T 0.020T 0.000 0 80 1000
CBAJI P 26/08/04 28.00 0.045T 0.045T 0.000 0 49 1000
CBAJ4 P 26/08/04 28.50 0.000 0.000 0.000 0 30 1000
CBA8I P 26/08/04 29.00 0.000 0.000 0.000 0 474 1000
CBAE9 P 26/08/04 29.50 0.160 0.000 0.170 12:00 30 383 1000
CBA3T P 26/08/04 30.00 0.280 0.300 0.280 12:00 80 982 1000
CBA59 P 26/08/04 30.50 0.425 0.460 0.450 11:58 200 796 1000
CBAFN P 26/08/04 31.00 0.670 0.720 0.700 11:49 55 1427 1000
CBAFO P 26/08/04 31.50 0.995 1.050 1.040 10:32 11 1449 1000
CBACM P 26/08/04 32.00 1.435T 1.435T 0.000 0 627 1000
CBAEN P 26/08/04 32.50 0.000 0.000 0.000 0 783 1000
CBAF7 P 26/08/04 33.00 0.000 0.000 0.000 0 495 1000
CBAF9 P 26/08/04 33.50 0.000 0.000 0.000 0 162 1000
CBAES P 26/08/04 34.00 3.265T 3.265T 0.000 0 0 1000
CBAFT P 26/08/04 34.50 3.740T 3.740T 0.000 0 0 1000
CBAFX P 26/08/04 35.00 4.220T 4.220T 0.000 0 9 1000

Warrant Issuers are required to 'make a market' but ramp the I/Vol which kills profitability requiring a major movement in the Underlying to show any real profit.

We found Warrants too frustrating and moved back to ETO's last year and whilst LIQUIDITY is an issue, overall they are more profitable.

Cheers ... tight stops.


This is only my view ... read the red stuff.