riskarb's trading journal

Status
Not open for further replies.
Quote from riskarb:

Sold 30 June SGXNK at 15530 -- short 110 in total.
More...

Paid 15340 for 110... flat futures. No hedge against nikkei barrier. +$255,000 in hedge gains.
 
Quote from riskarb:

Paid 15340 for 110... flat futures. No hedge against nikkei barrier. +$255,000 in hedge gains. 50 points from barrier hit.
More...

What happened to the Nikkei...it just can't keep a bid!!
 
Quote from CPTrader:

What happened to the Nikkei...it just can't keep a bid!!
More...

I'm OK with it as long as it drags the DAX and EUR indices along with it. No more cheap money... repatriation doesn't seem to be working for them.
 
Quote from riskarb:

I'm OK with it as long as it drags the DAX and EUR indices along with it. No more cheap money... repatriation doesn't seem to be working for them.
More...


I think the rest of the year is going to be super rocky, super volatile....time shall tell
 
Quote from riskarb:

Paid 15340 for 110... flat futures. No hedge against nikkei barrier. +$255,000 in hedge gains.
More...

Traded South of '270 on the cash. ($306,400) on the exotic; ($51,400) net on position. I can't bring myself to type the low-print on Nikkei cash right now.
 
Quote from riskarb:

SPX hands-down due to the 'bots.
More...

Please explain... why do the robots make it fun.

I too like the SPUs...there's just something about it.

The Kospi, Topix, Nikkei & DAX can be fun though because of the volatility, but one must be super careful with those babies.
 
Quote from CPTrader:

Please explain... why do the robots make it fun.

I too like the SPUs...there's just something about it.

The Kospi, Topix, Nikkei & DAX can be fun though because of the volatility, but one must be super careful with those babies.
More...

Most large moves are faded, and the bots add liquidity. I have a DAX double barrier trading, but I normally steer-clear of that particular index. Gamma is priced very dearly right now, so it's worth the risk.
 
Quote from riskarb:

Traded South of '270 on the cash. ($306,400) on the exotic; ($51,400) net on position. I can't bring myself to type the low-print on Nikkei cash right now.
More...

I'd suspect my counterparty gunned the barrier at '270 since it was breached by less than 4 points... but I can't imagine they would make such an attempt for $300k. This is the 8th barrier trade >$200k in which I was taken out by less than 500basis. The record goes to a DAX exotic posted to the previous journal -- traded through the upside barrier by roughly 60 cents before falling 80 points.
 
Status
Not open for further replies.
Back
Top