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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: ggersh who wrote (29024)6/18/2010 10:57:41 AM
From: RockyBalboa  Read Replies (1) | Respond to of 71409
 
RIG was a hell of a squeeze which led the stock to 53, leaving me in the lurch with the calendar spread (but the last word is not spoken. I received 2.60 for my short calls which are now in the money by 2.50. and the long side trades at $6.

This is because CDS sellers sold short bonds, and the stock when the CDS went upfront. Bwhaahaa. Now Yields are going below 7 and there´s quite a scramble to cover stock.