Short Side Of Long: Commodities Correction: Go Home & Buy Some Wheat!

Thursday, June 30, 2011

Commodities Correction: Go Home & Buy Some Wheat!

Source: JP Morgan Newsletter

2 comments:

pejJuly 1, 2011 at 11:32 AM
Dude, I hope you didn't get home on time to buy those grains. Nice collapse yesterday. Unlucky timing if you did...

"July wheat was down 8 percent, or 49 cents, to $5.92-1/4."
ReplyDelete
TihoJuly 1, 2011 at 12:55 PM
Whenever prices go down, hopefully I'm smart enough to buy more commodities.
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Trading Diary

Last update 11th of March 2013

Equities: Short positions are held in various US equity sectors, which include Technology (XLK), Discretionary (XLY), Industrials (XLI) and Dow Transports (IYT). Large put options have been bought on Apple (AAPL).

Bonds: There isn't a lot of exposure in the bond space, as we believe this sector is experiencing euphoric investor demand. Call options have been sold on Junk Bonds (HYG). Plans to short Long Bond Treasuries (TLT) in due time.

Currencies: Long positions are held in Japanese Yen (FXY). Short positions are held in Australian Dollar (FXA).

Commodities: Long positions are held in various commodity sectors, which include Silver (SLV, SIVR, PSLV, Comex futures), Agriculture (RJA, JJA) and Sugar (SGG). Plans to increase longs in PMs and Softs in due time.