Another bad day for the portfolio due to FMT as expected... Thankfully the software took the loss before it would have grown much larger by the end of the day. Also, I noticed today that the software is short TXU from a few days ago. This is a strange glitch indeed as TXU just got a buyout bid, in fact the biggest buyout ever. The software appears to have gone short on that day and is now at a decent gain that could potentially get much larger if that deal unravels. If I had seen that trade on Monday I would say it was pretty sily and no chance of any profit or getting stopped out. But what a difference a few days can make in the market.
Closing Liquidation Value: $116,526 -$1,682 <--Gonna be up tomorrow(knock on wood) Ps. On a related note to the TXU buyout and the types of options activity I would like to eventually implement into this software check out this article.
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