USD/CAD Down of course. Told you so. I exited half of my short position over the USD here as a chance to take profits. I'm probably going to re-enter if the pair trades above 1.055 maybe even above 1.05 if a reversal looks clear.
BAC back at $16. Wish I had bought some $15 calls when it was trading at 14-14.50. If it ranges back down there I will look to do so.
Thinking about the slight possibility of a massive downturn in 2010 it might be a good idea to purchase some insurance via way-out-of-the-money puts on some big names due in Jan 2011 or 2012.
skip to main |
skip to sidebar
Posts
No comments:
Post a Comment