Egypt Trade Cont.

 

Egyptian trade followup.

 
    Just wanted to add how I managed my position today.  The one thing about using hedges to your advantage is if you don’t actively manage them you will loose out, and even then theres no guarantee.  This trade seemed to workout well though.  After some of the morning volatility blew off I grabbed a few more of the 350 calls for 17c.  By mid day they were up to almost 40c.  The thing about the pair trade is if you don’t push into the trade your likely to end up with a position that is worth 0.  My hopeful positions now for tomorrow are GLD and AAPL.  Its looking like the whole Egypt mess may blow over and it may put the screws to those that were eager to jump into the demise of the US markets.   In the am I’m hoping I’ll be able to raise a little cash by selling the short side of the 355’s and 360’s if I’m really lucky.   Happy Trading,  --Scott.31_Egyptian_trade_followup._files/Jan282011.sqlite.zip

Monday, January 31, 2011

 
 
Made on a Mac

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