Trader P/L 2012
- Thread starter d08
- Start date
----------------
I'm guessing you weren't long CBE
----------------
I was, just at the close...and I was short ETN.
A couple guys talked about that. I don't understand why short ETN, long CBE would be better than short CBE and cover.
--------------
b/c there is much more risk in that transaction...there is much less risk in what I did. You need to understand a bit about index changes and basic merger arbitrage. spread closed at 5 (difference between where i bot cbe/sold etn and what the merger is worth), which is unheard of. of course, it would have been better to short cbe, cover close and put on spread, but it was a busy day.
I'm guessing you weren't long CBE
----------------
I was, just at the close...and I was short ETN.
A couple guys talked about that. I don't understand why short ETN, long CBE would be better than short CBE and cover.
--------------
b/c there is much more risk in that transaction...there is much less risk in what I did. You need to understand a bit about index changes and basic merger arbitrage. spread closed at 5 (difference between where i bot cbe/sold etn and what the merger is worth), which is unheard of. of course, it would have been better to short cbe, cover close and put on spread, but it was a busy day.
Quote from rallymode:
Finally something to remind me why i even trade in December. Past few weeks have been super slow for me.
Just out of curiosity, what all do you trade rallymode?
Quote from rallymode:
Finally something to remind me why i even trade in December. Past few weeks have been super slow for me.
hey rally...i did a 100k day too!!!!!! lol
as i posted earlier..dec was not a great month for me.
well i offered him dinner multi x's....but i withdraw that offer now that he is clearly responsible for taking my 100k yesterday.
maybe i will heal in time and re-offer.
maybe i will heal in time and re-offer.