|
PureBytes Links
Trading Reference Links
|
> Date: Mon, 15 Sep 1997 15:38:18 -0400
> Cliff,
>
> Could you list some of the transactions that look like buying when
> in fact are selling strategies????
>
> Thanks,,,
>
> Don
>
They are numerous. Most of it is because one single action may only
represent a part of a total postion. Here are a partial list of the
possibilities:
Options related - caps, collars, fences, ratio spreads, etc.
Defense of theta view positions.
Volatility plays and synthetics.
Municipal Defeasement.
Mortgage-related buybacks, re-financing.
Swaps, replacing principal for strips, etc.
Rolling from one spot on the yield curve to another.
Interest rate protection or currency-related hedging.
Please don't write and ask me to explain these individually <g>.
Cliff
|