{"id":190,"date":"2013-07-26T10:41:33","date_gmt":"2013-07-26T14:41:33","guid":{"rendered":"https:\/\/envisionco.net\/?p=190"},"modified":"2013-07-27T18:02:37","modified_gmt":"2013-07-27T22:02:37","slug":"two-exits","status":"publish","type":"post","link":"https:\/\/envisionco.net\/?p=190","title":{"rendered":"Two exits"},"content":{"rendered":"<p>We closed out the short trading position that we spoke about last week in CAT. CAT had declined about 4% since then on disappointing earnings.<\/p>\n<p>Today we closed out the pairs trade we wrote about on July 3 (+CHY\/-CHI). We entered the trade at a spread of 6.3% and exited today at a spread of 5.09%, the difference represents the profit. To profit on a trade like this, you need the spread to narrow, which is what happened here.<\/p>\n<p>&nbsp;<\/p>\n<p>see\u00a0<a href=\"https:\/\/envisionco.net\/?p=165\">https:\/\/envisionco.net\/?p=165<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We closed out the short trading position that we spoke about last week in CAT. CAT had declined about 4% since then on disappointing earnings. Today we closed out the pairs trade we wrote about on July 3 (+CHY\/-CHI). We &hellip; <a href=\"https:\/\/envisionco.net\/?p=190\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-190","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts\/190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=190"}],"version-history":[{"count":5,"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts\/190\/revisions"}],"predecessor-version":[{"id":192,"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts\/190\/revisions\/192"}],"wp:attachment":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}