Thursday Position Strategy – 3/2/11

ICE trends with a high correlation to CME so it would likely be a good hedge for CME. Tomorrow I will continue to lighten up my hedges into profit and start to move into a more bullish position in CME. To hedge I’ll put on an ICE PUT spread and if there is no hedge then at least I can collect premium on the short PUT.

 

 

 

 

 

 

 

 

 
In the event of the last case I would buy back the short leg of the ICE PUT spread and further lighten up the hedge still on CME. I would continue to do this until I change my mind or I’m repeatedly proven wrong.

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