Fast Money Players Buy Back Credit Payers

Fast money investors are selling at-the-money credit options and buying back out-of-the-money payers that were sold before the Christmas lull to hedge long cash positions.

  • 08 Jan 2014

Fast money investors are selling at-the-money credit options and buying back out-of-the-money payers that were sold before the Christmas lull to hedge long cash positions.

“Some of these positions were simply flattened,” Paola Lamedica, credit sector specialist at BNP Paribas in London, said. “However, among the more bullish crowd, ...

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