Since most reading my rantings are wanting to learn I felt this interesting to post.
I posted about not getting any premium for GDX since it was so far into the money. I posted about how to unwind the trade. I posted that I could not get more than 40 cents to roll therefore it was not worth the trade.
Well I left my GTC of .85 and guess what? Today it filled. Just 2 1/2 days before ex date and it filled. But guess what? I could have rolled for maybe 1.00 go figure.
Such is the life of a trader. Hopefully many will gain insight by reading actual things going on and not some theory.
Stay tuned as the saga continues
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2 comments:
Dell,
What do you think of a calendar on the shy with decreasing interest rates?
That is an interesting comment. Normally I would agree with that assessment. Short term rates are due for more rate cuts. Making the prices go up. Longer term bonds do not have the trader so convinced.
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