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Tuesday, September 8, 2009

Two adds, one ass kicking hedge.....

AEM and GDX triggered an add this AM, a put was purchased on both issues. FSLR is balancing all my losses on the day at this point. The existing position total (all positions) is a net negative 90.00 at the moment, which is about -0.1% of the total capital utilization at this time. FSLR has a target exit of about 136.00, the deleverage point on FSLR was just hit, hence any quick upward and immediate price movement will most likely be thwarted here. If your hedge (fslr) was carrying too much delta, this would be the point to adjust the position and lay out a new matrix if required.