– I sold my FBP puts today for $2.10, for a gain of 23.5%, as the balance of risk versus reward started to look unfavorable.
– I picked up a few more puts on BHP as part of my hedge against a drop-off in Chinese iron ore demand. Now that I’m hedged out to February with these, I’ll look for an opportune time to unload my shorter maturity BHP puts to offset some of the cost of the hedge.
– I took advantage of the up week to buy a few puts on NBG in lieu of shorting it.
– I tightened up my stop on XEC, which was the long half of a pairs trade with MMR (which I got stopped out of yesterday) from 18% to 12%.
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.








