Wednesday, January 25, 2012

premium trade review (close of 25 Jan)

Premium trade review: 25 January 2012

Open trades:
1.      Short December 2012 dollars at 52.80 (close at 52.87)
2.      Received Feb/Dec premium at 244 (close at 239); awaiting higher spot to sell Feb.
3.      Received 1Y OIS at average 8.075% (close at 8.09)
4.      Received 5Y OIS at 7.33% (close at 7.31%)
5.      Long 10Y bond at 8.36% (close at 8.32%)
6.      Short NYMEX crude short at 99.50 (current 98.30); t/p at 97.50 with stop at cost
7.      Short Gold at 1670 (current 1655); t/p at 1635 with stop at cost
8.      Long NIFTY at 4550 (close at 5158); trail stop at 5050 and t/p at 5550
Trades in market:
1.      Sell EUR/USD at 1.3100-1.3150 with stop at 1.3175
2.      Buy EUR/USD at 1.2875-1.2825 with stop at 1.2800
3.      Buy USD/JPY at 77.50-77.25 with stop at 77.00
4.      Sell USD/JPY at 78.75-79.00 with stop at 79.25

Wish you all a happy Republic day..............Next update on 27th January 2012

Moses Harding

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