Trading the Olympics
Wow, what a busy few weeks it has been!
For me the School holidays and the Olympics on home soil has been too much temptation to miss. There are not many chances in life to do what I have done over the last couple of weeks, so I’ve jumped at the chance to do it. It has been really great experiance.
Doing that has meant putting trading on the back burner recently. But that’s no problem really, a couple of below par weeks isn’t going to make any material difference and the memories I’ve had with the kids will be something to remember for years to come. We can say ‘We were there’. The highlight so far has to be going to the 100m final. We were lucky enough to see two GB athletes get their Gold’s that night as well. A very late night, but a really great evening.
In between the fun and games I have still been trading, but less than normal. I’ll be back full time next week. I’ve have been keen to see if any of the Olympic events were tradable, but being there has taken precedence. I have managed some Olympic trading though and the other night I had a good go at the 200m final. I was surprised at how much money was flowing through the market. I did OK, but nothing amazing. It was just like trading a high quality horse race. A few million was traded on the market, but that was obviously derived from the fact Bolt was at very short odds.
So after two weeks of dipping in and out of the Olympic markets I can confirm that the higher profile markets are tradable in the same manner as a normal market. Some sports such as Tennis or Football felt very familiar, but the less familiar markets did appear to behave in a familiar way and I could deploy ‘normal’ strategies to trade them. So maybe I can now look forward to the next big profile Athletics meeting with a view to trading it? Maybe then I’ll actually be sat behind my screen rather than in the arena itself!
But after experiencing London 2012, Rio 2016 does sound rather tempting!
Category: Alternative markets, Trading strategies
