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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Paul Kern who wrote (105339)2/15/2008 3:55:57 PM
From: James HuttonRead Replies (1) | Respond to of 306849
 
I've traded FXP a few times successfully and had a position going into today. I have no idea how Shanghai and HK Red Chip closed lower and FXP went down (and why FXI went up).

Any ideas?



To: Paul Kern who wrote (105339)2/15/2008 3:58:11 PM
From: Smiling BobRespond to of 306849
 
when they saw how effective they were at killing the 148s, then went for the 149s too
There was a bullish article in IBD today
WFMI soothed the pain of some other positions
I'd load up on GES puts. That should tank hard in coming weeks, along with some other high end retailers



To: Paul Kern who wrote (105339)2/15/2008 4:00:37 PM
From: Peter VRespond to of 306849
 
Options expiry is probably right, they are pushing FXI to 150. Stupid me for not checking.



To: Paul Kern who wrote (105339)2/15/2008 4:01:46 PM
From: Paul KernRead Replies (2) | Respond to of 306849
 
Looks like the last trade for FXI was $150.099. The put writers win big. Of course, we don't know what it cost them to move it there.