CSCO Short hedge into tomorrow CPI news
Updated
My positions reversed just before the close on the day before of the CPI reading. This short sale negative reversal setup triggered and entered it to go hedged into tomorrow CPI news.
Trade closed: target reached
Great hedge. Closed it just before the open. Helped me to close my long with near or no damage. Will wait till the volatility goes down to try longs or shorts.
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