Premium trades - 19 DEC 2011

Premium trade recommendations for 19 December 2011

Open trades:

1. Short March 2012 dollars at 54.65 (current 53.70). Add second lot at 54.00 with stop at cost and t/p at 52.65
2. Bought USD/JPY at 77.75 (current 77.80). Add second lot at 77.25 with stop at 77.00 and t/p at 78.75/79.50
3. Short Gold at 1590 (current 1598). Add second lot at 1620. Stop at 1630 and t/p at 1565/1515
4. Short EUR/USD at 1.3075 (current 1.3045). Add second lot at 1.3175. Stop at 1.3225 and t/p at 1.2950/1.2875
5. Short NYMEX crude at 95 (current 93.75). Add at 97. Stop at 98.5 and t/p at 90/87

Fresh initiations:

1. Sell spot USD/INR at 52.75-53.25 with stop at 53.50 and t/p at 51.50
2. Buy spot USD/INR at 51.50-51.00 with stop at 50.75 and t/p at 53.25
3. Buy 12M forward dollars at 53.50-54.00 with stop at 53 and t/p at 56
4. Sell 3M forward dollars at 54.00-54.50 with stop at 54.75 and t/p at 52
5. Receive 3M FX premium at 7.0% and pay 12M at 4.5% (for ALM play)
6. Sell NIFTY in two lots at 4700-4725 and 4825-4850. Stop at 4875 and t/p at 4350-4250
7. Receive 1Y OIS at 7.80-7.85 and pay 5Y OIS at 6.90-6.85% (for ALM play)

 

Closed out trades:

1. Long USD/INR entered at 51.35. Took profit at 52.35
2. Long USD/INR entered at 51.70. Took profit at 52.28
3. Paid 5Y OIS at 7.0%. Took profit at 7.05% (through trail stop; missed t/p at 7.15%)
4. Received 5Y at 7.05%. Took profit at 6.97%
5. Short EUR/USD at 1.3400. Took profit at 1.3295
6. Short NIFTY at 4900. Took profit at 4755
7. Received Feb/Nov at 152 out at cost after seeing low of 137
8. Short NYMEX crude at 100. Took profit at 97.50
9. Short NIFTY at 4800. Took profit at 4680
10. Paid 5Y OIS paid book at 7.01. Took profit at 7.05 (through trail stop; missed t/p at 7.15%)

Good luck....................Moses Harding