We had a 5.25 point trading range during market hours. The overnight session had a trading range of 7.5 points. The overnight session was almost 50% more volatile than the regular trading hours. The trading opportunities are limited, so I will be doing little for the rest of the year. I do believe the dollar carry trade is mostly closed out, and the dollar should weaken for the rest of the year.
Tuesday, December 22, 2009
Death of Volatiility
We had a 5.25 point trading range during market hours. The overnight session had a trading range of 7.5 points. The overnight session was almost 50% more volatile than the regular trading hours. The trading opportunities are limited, so I will be doing little for the rest of the year. I do believe the dollar carry trade is mostly closed out, and the dollar should weaken for the rest of the year.
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2 comments:
What do you make of the index call buying at the close?
From the CBOE site, I see that it was a Russell 2000 index fund call order. Looks like an institution is betting that there will be a January effect.
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