Diary of a Financier

From the Trading Desk: Weekly Update

In Trading Desk on Fri 18 Feb 2011 at 17:25
  • Open: PHG
  • Close: nil

Bought PHG @ $32 per my entry on 1/24/11.  Other than that, no changes. 

We’re probably taking some more exposure in equity single names next week.  I’m working frantically to find two or three names that are the cream of the crop, because I have a large watch list building.  In addition, we’re talking about a smart way to hedge some tail risk–whether VIX calls, SPY puts, etc.  Protection is getting pretty cheap.

I’ll post some updates after the long weekend.

–Romeo

View Trading Desk

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  1. […] right now, and we’re not going to jump headlong into a long vol trade.  But, per my note on Friday, I spent some time reviewing different vehicles to hedge tail risk and/or go long vol.  […]

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