Pairs Trader

July 28, 2014

Pair: First Horizon National – Regions Financial (FHN – RF)
Action: Buy to cover FHN, Sell RF
Shares: 430,498
Weighting: dollar
Spread Entry: 1.62
Stop: n/a
Target: n/a

Bought to cover FHN at $11.86
Sold RF at $10.24

Closed all positions explanation: We closed both layers for a $55 gain, after watching our lead stock “FHN”
basing around the $11.85 price level. Also, our 10 SMA slowly continues to rise. Let’s watch and see if the pair
continues to drop, or pushes higher due to the rising 10 SMA.. ; )


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recommendations, unless otherwise noted, are applicable
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