16 December 2008

Eur/Sek; First target at 11.00 achieved

Eur/Sek had a swift move to 11.00 yesterday. Thin December markets the biggest factor in the swift move. Corporate book rebalancing has to be done and this is the result. I will not blame it on the Baltics this time around. Next time, maybe.

Still long Eur Calls/Sek puts thinking about letting them go or rolling the strikes higher. Bought Eur puts as well for an initial correction lower and locking in profits. Take it from there.






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