My personal portfolio
Comment of the Day

June 17 2016

Commentary by David Fuller

My personal portfolio

Three trading transactions completed

David Fuller's view

While I had closed my FTSE 100 Index short on Wednesday 15th June, I let my S&P 500 Index (weekly & daily) short position be rolled forward on Friday the 17th because it was still near the higher side of the lengthy trading range.  Consequently, my expiring June S&P shorts were bought in at 2079.75, against their equal-sized short sales at 2065.13 and 2075.13 on 10th May, and also 2085.13 on 25th May.  As these contracts were on automatic rollover, I simultaneously shorted the September S&P 500 contract at 2070.20.  Late this afternoon I used the S&P’s decline to close out these shorts at 2060.13.  Holding on to the shorts ahead of next Thursday’s Brexit vote felt like too much like a coin flip, at best, especially as bookies continue to favour Remain.

These prices include all spread-bet dealing costs.

My remaining trading futures positions in descending order of size are Silver, Platinum and the BlackRock World Mining Trust.

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