Trading market neutral strategies. Pairs trading. Investments. Relative Value Strategies. wealth management. asset management
Wednesday, November 17, 2010
Changing TIF to Strangle
Now long Dec 60 Call (With Dec 50 Put).
Tuesday, November 16, 2010
Short TIF
Sell Dec 2010 60 Call on TIF at 0.68, Buy Dec 2010 50 Put on TIF at 1.06
NFLX
Sell 11/19 Put (strike 155) at 0.52 (basically close initial short to go long at the price). Real goal is to do a put spread (time), but can't get quote for next maturity. Oh well. For now taking the long bet on nflx. Hoping for no major crash in the next three days. if I could I would cover this with long put for December.
Have a good feeling for today
URBN is up 6% pre-market, DKS is up 7% pre-market. NFLX continues to slide.
We will see how this turns out!
We will see how this turns out!
Monday, November 15, 2010
Closing ZUMZ call
Closed ZUM call (Strike 25) at 3.4. Taking some losses. For most part we are neutral now. The longs on ZUMZ through puts are still on. But most of the value there has been extracted.
Friday, November 12, 2010
Partial Close MAR
Closed 1 Call at 1.9. Taking some losses. Getting closer to neutral.
Wednesday, November 10, 2010
Fingers Crossed
Going in 20% short for tomorrow. More confident on the nflx position now after the CSCO debacle. Wondering what's in store tomorrow. Only long tech position still open is MSFT. Does have some protection in OTM call sold on it. I was thinking of next quarter to be the precursor to a tech bloodbath. Seems like christmas is here early? Wait and watch.
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