Trading Recommendations 29/10/2009

By Marc Nemenoff
29 October 2009 @ 10:03 am EDT

Financials: Dec. Bonds are currently 24 lower at 119'02. This morning's 3rd quarter GDP came out at +3.5% versus expectations of up 3.2%. As can be expected with better than estimated GDP statistics, the Bonds broke about 20 points from their pre-report levels. If you continue to hold the combination of short Dec. Bonds and short the Dec. Bond 116'00 put, continue to use an open order to cover the 116'00 put in the 15 point area (plus or minus a few ticks).

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