take profit on short on Kone (Knebv fh) and long GDX and reduce short on EEM
With respect to our matrix, we reduce our short EEM by buying-back 5% below 40.
Buy Put on the VIX
VIX US 11/21/18 P22 Index or VIX US 11/21/18 P20 IndexWe believe funds selling (risk parity and CTAs) is not over but a bottom is being built. We like going short the VIX without the risk of…
Earnings related option trades
Buy PANW US 12/21/18 C220 Equity with delta hedge
Take profit on 1288HK to reduce our EM allocation
1288 HK's EPS grade is down to a bearish level (37), while the share price has rebounded below the 200 days MA. Our matrix stays short EM and accordingly we trim our exposure of long…
Take profit on our short on US Utilities
US Utilities have under-performed by 7% since the date of our short on the 06 September. 10 Year US rates are up and are just below 3.1% before the FOMC. The XLU is now overbought in…
short HAS US
The bilateral agreement reached with Mexico last month calmed fears that the US was engaging in a “war on trade” as it showed a willingness to compromise to preserve NAFTA. (see details in our Trade…
updates after September option expiration
Some of our trades have been unwound last week, either as they have reached their targets like our Burberry (BRBY LN) short at 1960, or have been settled in the option & futures expiration on Friday…