Pairs Trader

October 21, 2014

Pair: Xcel Energy – CMS Energy (XEL – CMS)
Action: Buy XEL, Sell short CMS
Shares: 155,159
Weighting: dollar
Spread Entry: 0.77
Stop: 0.35
Target: above mean

Bought XEL at $32.32
Sold short CMS at $31.55

Opened long position explanation: We opened our pair long this morning, after the good fortune of great trade location
with this pair. Let’s see if the pair continues to bounce, or if we get the opportunity to add another layer at a
slightly lower price. Either way we are excited for the trade. We are expecting an exit above the present mean of
$1.18, depending on the momentum of the pair.. ; )


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recommendations, unless otherwise noted, are applicable
for ‘DAY’ orders only, not good-till-cancelled.If a
recommendation cannot be filled, we may choose to resend
the email the following day along with any modifications.

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