Monday, February 2, 2009

IB Olympiad 2009 Day Fifthteen + Rankings

Closing Liquidation Value: $964,214.80 -$18,594.16 (-1.9%)

Things are not looking so good for DT2009 as oil takes another hit and volatility jumps. The program only ran briefly today and the only trade was to sell some DXO in order to raise cash. It seems as though the program is once again too leveraged bullish (sold too many naked puts) since unfortunately some naked call positions in banks were stopped out late last week. Its starting to look like getting in the top ten will be very unlikely for me. What I really need is a flat market and a surge in oil. The rankings as of the end of the third week are below, I noticed Ahmed Taha made a good call by turning off his program in distant first place.

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