CO took a high risk trade given the low vol melt up we had on Fri which may extend over MOnday but it is also a potentially high reward trade. I do not hold over WE so I had to cover my Friday shorts for a loss. Steady "bot" buying was there despite lack of bottoming action in cash indices. I agree there was nice bottoming aciton on futes on Thursday overnight but I thought it wouldn't be enough... wrong. So back to Andrew, and MLMT question, probably is not time to be net short but I 'd be hedged if not in cash at this point. That is what I meant to say really. Sorry for lack of precissions.
Can you say more boss.
ReplyDeleteDefensive meaning short?
ReplyDeleteYeah, Pata, throw us a bone! JK. I am short the Fri close, holding over the weekend. I'm thinking target 1150 at first. GL all.
ReplyDeleteCO took a high risk trade given the low vol melt up we had on Fri which may extend over MOnday but it is also a potentially high reward trade. I do not hold over WE so I had to cover my Friday shorts for a loss. Steady "bot" buying was there despite lack of bottoming action in cash indices. I agree there was nice bottoming aciton on futes on Thursday overnight but I thought it wouldn't be enough... wrong.
ReplyDeleteSo back to Andrew, and MLMT question, probably is not time to be net short but I 'd be hedged if not in cash at this point. That is what I meant to say really. Sorry for lack of precissions.