On Aug 9 i ahve recommended 119/125 bear call spread. This trade receives 200 dollars before commissions. the premise for this trade is that markets will stage a sell off. But surprisingly Equity markets started rallying and bond markets also rallying. This looks very odd.
First Trade Review: On 21st aug, this trade is deep in red on the verge of loosing 2000 dollars. Since i was doing a paper trade i was waiting for the trade to expire. at 10 A.M Bernanke came and stated he is seeing recovery signs. This gave a big boost to equity markets. Bond markets sold off. My 119 call that was ITM expired OTM. Huh what a relief.
Now on the other side, bond markets are not buying recovery but equity markets have already started getting in the mood of recovery.
bye for now. i have to go and play basket ball with my two boys
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