Today sees the start of the French open tennis and it’s one of those moments when the red clay surface will often mean green for traders.
Grand Slams often produce good matches and the slower surface at Roland Garros will bring shot making and athletism to the fore.
Early rounds of grand slams often bring up very shot prices, but the odd shock. So I’m generally looking to oppose red hot favourites in the early rounds hoping for a slip up, if only temporary. If it doesn’t look like coming I can trade out for little or no loss. You are just trying to catch the occasional big one at this stage for an overall payoff.
Because the tournament is seeded each half of the draw is geared to getting the top seeds through to the latter stages, so that is tough on the other competitors and means the really competitive matches only start to appear as the tournament progresses. You have to look back to 2004 for a low ranking mens winner and typically, by the latter stages, only the top ranked players are left. In 2008 Monfils, ranked 59 at that time, was a quarter final winner and that’s the lowest ranked player that made over the data I have. The top seed last went out in the first round in 2000, 2009 brought a third round exit when Soderling shocked Nadal. Over the last 12 years the average highest ranked player through in each mens round is 324, 207, 125, 56, 27, 17, 7. The highest 599, 493, 283, 125, 59, 46, 44.
I look forward to posting up more Tennis comment over the course of the tournament. Don’t foget to use Tennis trader and Guardian to full effect over the next two weeks. Both are perfect for Tennis trading.