Friday, March 19, 2010

March 19 - GOOG and USD.CAD Follow-up

The Google trade is still on and I'm still short the JUN 450 puts. The price on these contracts have been stable around the $3.50 - $4.50 range - the erosion in the time value of the contracts has been balanced by the added volatility coming from the decision on whether Google will close its operations in China. I may look to close the position here to lock in profits as the decision of Google will come out Monday.

The USD.CAD trade has gone against me so far, with the ratio around 1.01 this morning. If there is a bounce towards the 1.02 area I may look to close the position at break-even. Watching this closely.

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