Looking for a winter holiday deal with a difference? Why not check out Courchevel in January. On the 6th they celebrate Christmas Russian style! Here’s more.
Courchevel is one of the most romantic ski resorts in the world. It is also a resort that holds much prestige among both winter sport lovers and avid bargain hunters looking for a winter holiday deal.
Christmas in Courchevel
Finding a good winter holiday deal feels great at any time of the season, but you’ll feel especially lucky when you do so around Christmas time. Christmas is much less commercial in France than it is in the UK, which makes it even more unique. You can be sure, however, that there will be carols, mulled wine and festive restaurant meals, should you wish to eat out on the big day.
The festivities start at the beginning of the month of December when the lights are switched on. Music, hot chocolate and mulled wine mark the occasion. From then on, throughout the month, concerts, markets and live music in town pave the way to the main Christmas and New Year celebrations.
If you want to experience Christmas in Courchevel with a difference, however, why not travel to resort on the 6th January 2016, when Courchevel turns Russian and celebrates Christmas just as it is celebrated in the country of the Tsars? Famous for its Russian visitors, Courchevel has embraced the culture and honours its guests with this special event.
The Agenda
Amongst a whole week of partying, the 6th of January will be one day dedicated to celebrating Christmas Russian style, with all kinds of festivities taking place. Look for winter holiday deals this week and you are in for a treat!
Starting with free mulled wine and hot chocolate, the evening will evolve to include songs by the traditionally dressed Elena Miralles’ Russian Choral Society, and a visit from a Russian Father Christmas. There will be a fabulous professional torchlight procession performed by 600 of the resort’s ski instructors, as well as a Russian themed outdoor dance party that will be accompanied by spectacular fireworks. This is a truly unique event from start to finish and the resort will be beautifully decorated and lit up to mark the celebrations.
The best thing about the event is that there is something for everyone. The fun starts at 5pm and goes on until the early hours of the morning, so everyone from the tiniest of tots to the toughest of teenagers can join in. Entrance is free and you only have to turn up to join in.
So, if you are looking for something extra special to add to your Christmas experience this year, try finding a last minute winter holiday deal for Courchevel in January!
To create momentum in your options trading you need to understand the advantages and disadvantages of at-the-money options, in-the-money options and out-of-the-money options.
An at-the-money option has both advantages and disadvantages over stock and in-the-money options. First, the at-the-money option will be cheaper then both the stock and the in-the-money option. So there is less capital requirement and less total risk.
Remember, when buying an option, you can only lose what you spend. Creating momentum is understanding this problem, what is the amount of extrinsic in the at-the-money option.
In order for you to profit from buying an at-the-money option, you need the stock to make a move very quickly. Because you have so much extrinsic value, you will be battling against the option’s daily rate of decay.
So, the movement of the stock must happen quickly enough and large enough to offset the amount of money you will be losing daily as expiration draws near.
With this said, the best chance you have to make money when buying a naked at-the-money option is to use it as a short term trade. The longer you hold onto this option, the harder it is for you to be profitable due to the options decaying extrinsic value.
At The Money Call vs. In The Money Call
For chart below, stock price = $35.00 Strike Option Delta Breakeven Extrinsic Price Price Value
An out-of-the-money option presents many of the same advantage & disadvantage parameters to the investor. The out-of-the-money option is even cheaper then the at-the-money option which means more leverage and less risk.
However, with a smaller delta, the stock must move much more than either the in or at-the-money options in order for the options to become profitable. Again, we need the option’s delta to outpace the option’s rate of decay.
Now, with the out-of-the-money option, there is less extrinsic value than the at-the-money option so the amount of total possible decay (cost of the option) and the rate of this decay is less than the at-the-money option.
By being further out-of-the-money, this option needs more movement from the stock. As a naked option, this out-or-the-money example is extremely speculative and should only be used naked when the investor feels there is a very good chance of a stock having a large percentage move.
An investor must understand that the odds of them profiting from the purchase of a naked out-of-the-money option is very slim. When purchasing a naked out-of-the-money option, be prepared to lose your entire investment.