Pairs Trader

December 17, 2014

Pair: KeyCorp – Regions Financial (KEY – RF)
Action: Buy KEY, Sell short RF
Shares: 379,497
Weighting: dollar
Spread Entry: 3.16
Stop: 2.50
Target: mean

Bought KEY at $13.21
Sold short RF at $10.05

Opened full sized long explanation: We opened our pair long this morning after I observed our lead stock “KEY” gaining some strength, and noticing that our $DJUSBK, was also growing stronger. Let’s see if we got the best possible entry, or if we opportunity to add another lower layer. Our target mean is presently $3.31. ; )


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