Pairs Trader

November 20, 2014

Pair: Total SA – Eni SPA (TOT – E)
Action: Sell short TOT, Buy E
Shares: 85,121
Weighting: dollar
Spread Entry: 17.58
Stop: 18.25
Target: below mean

Sold short TOT at $58.74
Bought E at $41.16

Opened short layer 2 explanation: We our second layer short with the pair after the pair pushed back through our original entry and nearly to $17.60. Now as the pair is pushing to its daily high in the afternoon session will likely encourage a sell off for the rest of the afternoon.. Our target mean is presently at $16.95. With two layers now, let’s look to take some early profits with one of our layers, and then trail stop at/below the present mean of $16.95.. ; )

ShadowTraderPro

Please note: All emails are price sensitive.Therefore, all
recommendations, unless otherwise noted, are applicable
for ‘DAY’ orders only, not good-till-cancelled.If a
recommendation cannot be filled, we may choose to resendr
the email the following day along with any modifications.

*****Securities and options involve risk and are not suitable for all
investors.*****

November 20, 2014

Pair: Total SA – Eni SPA (TOT – E)
Action: Sell short TOT, Buy E
Shares: 85,121
Weighting: dollar
Spread Entry: 17.47
Stop: 18.25
Target: below mean

Sold short TOT at $58.70
Bought E at $41.23

Opened short explanation: As per our newsletter, we were holding out for a short entry at/above the $17.45 price level. Let’s see if the pair will continue its move downward, or if we get the opportunity to add another layer at a slightly higher price. We are expecting to trail stop at or below the present mean of $16.94.. ; )

ShadowTraderPro

Please note: All emails are price sensitive.Therefore, all
recommendations, unless otherwise noted, are applicable
for ‘DAY’ orders only, not good-till-cancelled.If a
recommendation cannot be filled, we may choose to resendr
the email the following day along with any modifications.

*****Securities and options involve risk and are not suitable for all
investors.*****