- Managed to ship in a large amount of this at +13 on the day 1 of the Fukushima nuclear disaster (PM Kan press conference).
- Now that I have cut loss on my equity hedges, naked core book risk seem a bit excessive.
- Thus squared half of the +EDM1/-EDZ1 spread at +22, even though I think this has a lot more upside potential.
- Some resistance here at +23. But if the US economy keeps showing continued growth (eg improving initial jobless claims, which to me, is the one that really matters), this should really be trading between +25 and +50.
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