Just a couple of weeks ago had a change in the England manager job with Capello walking out. A week later and we had another ‘next manager’ market to deal when Wolves sacked Mick McCarthy. Then Lee Clark is sacked from Huddersfield, Warnock joins Leeds. It sometimes feels like the managerial merry go round will never stop. I’ve actually studied what effect sacking a manager has, but that’s for another post. I think I may have written about it already on the blog?
In the case of the England next manager market it’s really a case of whether you think Mr Redknapp & Spurs will accept the offer that they inevitably will get. It’s a yes or no trade and there appears to be little else on the cards. It’s difficult to look for anything beyond that. There are probably opportunities, but I’ve filed this in the ‘too hard’ tray.
On the Wolves market though there are a plethora of opportunities, with tons of viable names being given an opportunity. Some of these look quite feasible contenders. Of course, there is lots of difference between being a contender, being offered the job and agreeing terms and the Wolves job appears to be playing out in exactly that manner. So what is the best way to trade these markets?
From the brief description I have given you, you can see there are lots of contenders and a fair bit of uncertainty in the market. Therefore I tend to plump for a ‘lay low’ strategy in these circumstances. If you can lay at 3′s and three of the field reach that target price then you are at break even, if more than three contenders come into the frame you move into profit. Lay below threes and you are also in profit. Laying the field is also an option, it’s quick, easy and shifts your focus to how many contenders will appear. Worth a try now and again, especially where there is uncertainty.