Pairs Trader

March 26, 2015

Pair: Capital One Financial – JP Morgan Chase (COF – JPM)
Action: Buy to cover COF, Sell JPM
Shares: 61,82
Weighting: dollar
Spread Exit: 18.82
Stop: n/a
Target: n/a

Bought to cover COF at $78.37
Sold JPM at $59.55

Closed short positions explanation: We closed our short pair for a $58 gain ; ), early in this morning’s session, as we got a nice move, well below our 10 SMA of $19.51, and nearly to half back within our channel. Let’s see if the pair pushes back up from this point, or if we need to be getting ready for a long play now, at the bottom of the channel around the $17.50 or so.. ; )


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