Seeking Alpha

Danny Devito's  Instablog

Danny Devito
Send Message
ccccccccccccccccccccccc cccccccccccccccccccccccccc ccccccccccccccccccccccccccccccccccccccccccccccccccccc
  • Premium of UNG @ 6,9%  0 comments
    Sep 15, 2009 7:52 AM | about stocks: UNG


    We made a nice trade, down from 16,12% of the previus day.

    Disclaimer: I reduced my arbitrage from 80.000 shares to just 6500.

     

    I bet on a premium that can range in the next days betwen 5% and 15% but hardly i can imagine to see something more than 12,5%.
     

    As I said, who knows... those buyers of UNG decide and we act based on our instict, but as you know we were very suspicious at 20,5% premium and we couldn't believe could be so easy to make money. It was. As I said in september when all fund managers was back from holidays we could remember that 17,5%/20% as an opportunity unique and cry on it. But me and some of you did this trade, so nice trade guys and let's hope in 1 arbitrage per year like this.. Hard but let's stay in touch.
     

    Danny.

    Themes: UNG Stocks: UNG
Back To Danny Devito's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • short BIDU
    May 5, 2010
  • short DIA
    May 5, 2010
  • short QQQ
    May 5, 2010
More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.