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UKX Short trades

index:ukx

#101

Closed at 7456.50. Booked 45+ points.

A bit risky as down to 1 short hedging 5 longs. But UKX dividend for 8th August now over 36 points. That could well exceed 40 points by next Wednesday night.


#102

Closed at 7448. Booked another 33.8 points on my final UKX short.

That closes my short exposure & a decent day. However, would open another short lower down, just as a hedge for reasons as before.


#103

Short at 7455. New hedge against 5 longs, mindful of today’s low so far of 7416.50.


#104

Closed 7438.80. Booked another 16+ points.

Back down to 5 UKX longs unhedged for now. - GLA.


#105

Short at 7468. Re-added a new hedge v 5 UKX longs. Just a little insurance & higher up than the previous one.


#106

Closed at 7446.5. Booked 21.5 points. A bit too much to let pass despite the extreme volatility.

Well over 100 points booked for the day on just shorts.


#107

Jack

impressive mate :slight_smile:

The old Jack is back


#108

Short at 7295. Reasons: despite weak £ & end of week exuberance (ie. UKX closed 7253+ end of market hours), reinstalled a new hedge of 5 longs. This just in case of more market jitters next week & mindful of recent intraday lows of circa 7057+.

NB: This short intended to stay put for longer. If I’m going to lose my hedge protection, it has to be for more than 20+ points. As we’ve seen recently, UKX can go nearly 700 points against you in days. No point hedging substantial positions & closing too soon unless re-opening another hedge soon after.


#109

Closed at 7248.80. Booked 46+ points. Will be prepared to hedge again fairly soon for obvious reasons.


#110

Short at 7247. Re-added a new short hedge position. Same reasons as above.


#111

Closed 7216.80. Booked 30+ points. Again I’m prepared to re-add another short hedge soon.


#112

Short at 7212. Same reasons as before. Could be another shit-storm of a sell-off ahead for what has been a generally crap index going back some while now.


#113

Closed at 7189.50. Booked another 22.5 points. May re-add another short soon to re-establish hedge of long positions.


#114

Short at 7250. As premeditated in prior comments, a new hedge of long positions.

No strict target in mind, but sub-7200 might tempt me. - Edit: typo.


#115

Closed 7208. Booked 42 points.

Why remove my hedge? Only because of UKX dividends offering 30+ points tonight. However, will re-add a short hedge on any rise. Even lower than previously.


#116

Short at 7204.30. Re-opened a new hedge of 5 longs.

Would add more if further rises seen. Not least as another early GE seems far more likely than not. In that event, UKX likely to tank significantly & any quick recovery highly dependant on outcome.


#117

Short at 7227.30. Added a 2nd short hedge to 5 longs, mostly as protection in case of any sudden announcements, for eg. another early GE, that’s liable to see further sharp sell-offs.

Would add short again on any strong rise from here.


#118

Closed at 7190.30. Booked 37 points as I feel that we’ll see more UKX rises before a major sell-off. Still one short left.


#119

Closed at 7131.30. Booked a very handy 73 points. That’s 110 pts for the day. But not without some risk as back down to 5 longs only.

UKX dividend tomorrow nearly 6 points. But I now much prefer seeing a strong bounce in UKX fairly soon & re-adding a short hedge.


#120

Short at 200.30. A new hedge of 5 longs reopened. Would again add on any rise.