onsdag 15. juni 2011

15th of June recap

Just a quick update on today's trades posted on twitter:
Made 275 USD in 2 trades in Crude long and long Corn. That was more or less before the whole market broke down. I continued to manage the Euro futures and options structure through out the day making several adjustments. You can see all the listed trades on this link:
http://avantagefinancial.ch/images_up/avantagefinancial.ch/tradinglogtwitter.xlsx

I also added another Crude oil (CL) structure, sold 4x Aug 98.50 calls for 2.25 (= 9000 USD received) expiration 15 Jul and long 2x the Nymex mini contract.
So we will continue to hold the Euro structure and the Crude oil structure overnight.
Euro structure is now short 2x 1,41 puts and short 4x 1,42 calls for expiration Friday (CME contracts that expire 21 CET on Friday evening).
The Euro position is a pure short volatility position now as the vols got above 20% following the big down move today. To me that looks very high and think it will come back in tomorrow. However I am looking to hedge in the futures if needed and at this point I will try to hold them to expiration.

It is the final game of the Stanley Cup tonight by the way, go Canucks.

Have a nice evening

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