In the main city of Farah Province, traders closed stores and said they would not reopen them until the airstrikes had been fully investigated and the demonstrators' demands were met.
This may mean the buying interest is the work of traders closing out short put stances.
Because the commercials are drastically reducing bearish positions, a new trend recently appeared on this report: traders closing out bearish positions and moving into bullish ones.
DealBook » Former SAC Trader Close to Landing Blackstone Funding | A fomer SAC Capital trader, Ali Akay, has his eyes set on establishing his own hedge fund, and is asking the Blackstone Group for help with seed funding.
Today, with implied volatility down as low as 60% on the stock, the trader closed out the strangle at the same strikes described above by purchasing 5,000 puts for 35 cents per contract and 5,000 calls for $1.55 each.
One former executive recounted how Enron traders made close to $500 million on a single day in the summer of 2000, after a natural gas pipeline burst near Carlsbad, N.M., and market prices spiked.
Unfortunately, the IRS recognizes such status only for people who trade heavily and show they're trying to making a living at it; few fledgling active traders come close to qualifying.
The rule to protect swap traders' collateral, close to what the CFTC proposed in April, allows brokers to pool customer collateral but would prevent them from commingling the funds with their own capital.
