Short DAX at 7740

20 to 40 lots typically, down to 10 recently due to poor liquidity

4-5 roundtrips per day

 

Just a rumor from a London desk :

Allianz Leben ( biggest life insurance and pension fund company in Germany ) is a heavy seller of German stocks in the last couple of days. Must be coincidence with Commerzbank "takeover" by the government...

 

Are there still trading desks in London?

 

Two major left.

 

Short 4802.00

 

zzzzzzzzz...........

 

Seems, some hedging activity goin on :

4800.00 Jan Put Volume 12,537

 

Didn´t expect yesterday the sell-off. So I closed my shorts way too early. Didn´t make sense to see market below 4700 after so much 4800 JAN put activity.

 

long 42

 

out 55