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UKX Short trades

index:ukx

#141

Closed at 7187.80. Booked 16+ pts before w/end as there may be better opportunities later to re-add another short or two. Still have 3 UKX shorts.


#142

Short at 7212. Re-added a 4th short a bit higher up for same reasons. Very volatile markets!


#143

Short at 7306.50. A 5th short added for same reasons. Now hold parity of UKX shorts v longs.

In my view, little obvious logic behind the strength of today’s rise in UKX. But mindful that markets are often irrational, it could well go a lot higher.


#144

Closed at 7264.80. Settled for 41.5+ points.

Down to 4 UKX shorts hedging 5 longs.


#145

Short at 7304.50. Re-added a 5th as a protective hedge for same reasons.


#146

Closed 7247.30. Booked 57+ points. Plenty of volatility recently, but so far not the bigger sell-off one anticipated & an early GE may be slightly delayed.

Frankly, hard to be sure of anything much in this climate. Down to 4 UKX shorts hedging 5 longs.


#147

Short at 7248.30. Re-established a 5th hedge short to 5 UKX longs.

It may indeed go higher, but I still feel a much sharper sell-off lies ahead.


#148

Short at 7317.30. A 6th add for reasons as before. These hedged by 5 UKX longs.


#149

Closed 7286.30. Booked 31 points. Back to parity between short & longs. Recently it’s been heavy going at times. So it goes.


#150

Short at 7311. Re-opened a 6th position, hedged by 5 longs. Reasons same.


#151

Closed 7281. Booked another 30 points.

I have a strong sense that this has much further to fall over the coming weeks. But for now prefer booking decent gains. Back to 5 UKX shorts v 5 longs.


#152

Short at 7293.50. Re-added a 6th short for same reasons. I want to maintain a greater weight to the short side for a while as UK’s government seems in a very parlous state.


#153

Closed 7262. Booked another 31.5 points. Back to parity with shorts & longs. Would re-add another short on any rise.


#154

As I’m away from my desk today & almost anything can happen in UK’s current political climate (so much uncertainty & increasingly so!), I’ve a set limit order of 7198 on one of my UKX shorts opened at 7248.30. If triggered, I’ll declare it after 4 PM. My other 4 UKX shorts I shall let run for later. - Said limit order only for today.


#155

Short at 7295.30. Re-added a 6th UKX short, for factors as before.

Got back a few minutes ago after being away from my desk for almost 7 hours. Didn’t expect today’s bounce, but I’m still convinced that we’ll see a bigger sell-off in good time. Fundamentally, little has changed.


#156

Short at 7361.50.

Though index recently gone back against me, added another short for fundamental macro reasons affecting UK & that, not least, I’m well hedged with 5 UKX longs.


#157

Short at 7435.

Sterling getting hammered again, which is fuelling a rise across FTSE. A final short add for the sell-off I believe is due for UKX later. That said, at this rate, before that I may be closing some of my 5 UKX longs sooner than I thought.


#158

Closed 7412. Booked 23 points before the w/end.

Though I strongly believe we’ll see much lower later, taking gains is an insurance. Plus, I’ve still enough short exposure left with UKX. Down to 7 shorts.


#159

Short at 7430.30. Re-added the position closed earlier. Back to 8 UKX shorts.


#160

Closed 7392. Booked 38+ points. Very useful & not without some VG luck with timing. Down to 7 shorts.