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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: zonder who wrote (13762)10/20/2004 1:05:48 PM
From: mishedlo  Read Replies (1) of 116555
 
Eurodollars
I do not like this price action here at all
They refuse to rally much even when treasuries do.
I had a mess of dec 06 96.75 calls that I paid 34 for
I want to hold them but do not want to ride out a potential downdraft either
Decision:
Write Dec 06 97.50 calls for 17
That puts me in a position with 17 at risk to make a possible 75
It also takes some cash off the table to redeploy elsewhere.
I will sit on that for now.
If greenspan goes ahead with 2 more rate hikes I will go massively long eurodollars

Mish
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