Google and Apple have gone very well in USD and AUD terms since 26 Feb 2010. Slightly lower yields on 7 – 10 year treasuries have also paid off – very well in USD and pretty good in AUD. The biggest loser has been the long emerging markets equities position (EEM). TOL has come back a bit. The long S&P March futures put on on 15 Jan is up in AUD and slightly in USD. These gains can evaporate very quickly if the markets turn south, something I am keenly ware of. Time permitting, I am going to review my positions and rationale and probably take some of the realized gains while they are on offer and I workout my updated forward view. VaR is about $350k, well below the $500k limit.
Happy trading!
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