Tuesday, July 03, 2007


I think I made a mistake of assuming that Petroch-C1 and Petroch-C3 should trade at the same premium. I forgot to take into account the expiration date of these CWs. Because of this flawed assumption, I have changed from Petroch-C1 to Petroch-C3 due to the perceived mispriced of the CW. Currently, Petroch-C3 is lagging the movement of Petroch-C1.

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