FXI - Close Position

Friday, February 20th, 2009

I had originally sold a Feb $24 strike against FXI, the China ETF, when it was above $27.  It was a small return but in 2 weeks, I didn't think the markets could drop 15+%.  Today, FXI broke below $25 and is currently at $24.70ish.  Zecco has advanced option ordering ...

FXI - Open Position

Friday, February 6th, 2009

Yesterday I initiated a position in FXI (China ETF).  I have done this as China is showing good relative strength compared to our markets.  While the economic numbers from China are of questionable integrity, their own stimulus package may help take them from the bottom.  This position is way below ...