Re: Bond Trading
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Also, if it gets to the point where I become more concerned about the credit crisis and I think countrywide is unlikely to recover or faces greater credit risks than they do now, I can sell some out of the money puts as some insurance.
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Are you sure you're able to get acceptable pricing/execution for those? What kinds of bid/ask spreads do you see and how much are you paying in commissions (in bp)? I doubt trading bonds on exchanges is an efficient strategy in the long run.
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