Hey all,
Coming into today's session I was short crude oil (through puts on USO) and long bonds (through calls on TLT). Crude oil gapped violently lower into my target zone so I took 60% profits. Since we are getting little reaction from the bond market I am inclined to take my money off the table here and just sit back and enjoy profits elsewhere.
Here then is the chart on the exit in bonds,
That's all for this post,
Brian Beamish FCSI
The Canadian Rational Investor
the_rational_investor@yahoo.com
the-rational-investor.com
All appropriate disclaimers apply, DO NOT risk capital in options trading that you cannot afford to lose.
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