Neutral on swine flu
Posted by Dan on May 17th, 2009
2009
May 17
The game has changed. The CDC is not reporting daily totals any more. Two days ago, the total was 4714, and it’s almost certainly gone over 5000 by now, but the 5000+ contract is still open because the official total is still 4714.
When the game changes, it’s time to change strategy. This is not the swine flu market of two weeks ago. Swine flu is out of the news, the contracts have less time to expiration, the targets are farther apart, and the CDC is changing the way it reports. Now is the time to minimize risk and wait for the next opportunity.
See also: Bullish on swine flu