Tuesday, May 15, 2007
When you stay up at night worrying about positions, you know they are too big. Macro Man has slept pretty well over the last few weeks, but concerns over oil (now that he has a big delta risk) threaten to make him toss and turn this evening. He therefore trims the net long in CLZ7, selling 500 at $68.10. He retains the $68.50 offer for the other monkey.