Friday, October 17, 2014

Closed XIV, Mean Reversion Trade

As I had hoped, the rally put in another + day.  My XIV trade did very well.  I exited as I saw the russell rally faltering.  Divergence suggests this rally will fail.  I had hoped for 32 but I'd rather sell well when everyone is still giddy.

Entry: 25.22
Exit: 28.75 (14%)
+ 2.9R  This turned out to be a very nice little swing trade

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