free lunch (?)

S

SethArb

if you look hard enough and are a real ET maven

you might find an odd lot out there this am ( pre market )

a free lunch so to speak of in a commodity based ETF

say 72 shares being mispriced ... yours for the taking

:p
 
Can I ask the obvious question Seth - why are you posting about the arb and not taking advantage of it yourself?
 
good question ...

I took some of it already but there is not enough out there to hedge for me ... I might decide to grab the last few shares

( if they are still there )

you might say I got lucky

was short an odd lot of shares in this ETF overnight
and saw an opp. to take a small loss and go long
and prob. make alot more than my loss

( which was about $10 )
 
update decided to take the remaining 72 shares myself !

the stock was USO by the way

gotta go now ... I see another ETF with mispriced shares

( only 100 though )


:p
 
brief synopsis of trades taken

bought GLD $87.07 as Aug. futures were making new highs
above $886 overnight

sold higher ( forgot exact price GLD these went for but for sure at least 50 cents higher later in the am )

covered sale of uso ( 28 shares $103.68 @ $103.99 then went long @ the covering price )

as july crude was hitting new highs above $130 fig overnight

sold em out way too early @ $106.20 avg approx

:cool:
 
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