Closing Double Pair Trade
Sell DLR @ $141.99
Sell IRM @ $24.67
Cover VNQ @ $76.66
DLR: Realized loss of $0.50 (-0.35%)
IRM: Realized loss of $2.40 (-8.87%)
VNQ: Realized gain of $4.81 (5.90%)
Total realized gain of 1.23%
I still believe in this trade idea, but am covering at a modest gain (for the second time) to reduce gross exposure.
The market fall yesterday combined with today's chop shows me that being less bloated and more nimble is the right positioning. So I'll take off this solid pair trade and move on with my life.
IRM is a great-looking long idea, if you are too short and need a high yielding transformation story.
Sell DLR @ $141.99
Sell IRM @ $24.67
Cover VNQ @ $76.66
DLR: Realized loss of $0.50 (-0.35%)
IRM: Realized loss of $2.40 (-8.87%)
VNQ: Realized gain of $4.81 (5.90%)
Total realized gain of 1.23%
I still believe in this trade idea, but am covering at a modest gain (for the second time) to reduce gross exposure.
The market fall yesterday combined with today's chop shows me that being less bloated and more nimble is the right positioning. So I'll take off this solid pair trade and move on with my life.
IRM is a great-looking long idea, if you are too short and need a high yielding transformation story.
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