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EMN,MBLX - Market Neutral Trade for 2.10.2011: Long EMN, Short MBLX
For today's market neutral trade, I shorted MBLX at $9.12 and bought an equal dollar amount of EMN at $91.37. As I’ve done with the last few market neutral trades, I shared the trade idea with subscribers of the Market Neutral Notification List ( http://steamcatapult.c... ) the night before I placed the trade. More details on the blog: http://steamcatapult.c...
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Stopped out of MBLX today at $9.83, for a loss of 7.7% on the short side of this trade; sold EMN at 98.87 for a gain of 8.2%, for a wash (a gain of 0.25%) on this market neutral trade.