Stocks: QLD, SSO, DDM
I began to place the hedge on by shorting these EFTs that represent 2x the market move.
I see an ultimate position size of 15,000 shares each or $1.2 mil = $2.4 mil exposure for each = $7.2 mil total exposure. I started tonight with a 1/6th position or 2500 shares because the Q1 GDP numbers are out at 8:30 tomorrow and I wanted some protection for what could be bad numbers that could begin to open the eyes of the market that no rate cut is negative.
Tuesday, April 29, 2008
Time 4:20
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