Pair Pick: Diamond Offshore Drilling Inc. ($DO) and Transocean Ltd. ($RIG)

by Administrator on April 30, 2010

$DO (Diamond Offshore Drilling Inc.) and $RIG (Transocean Ltd.) created a profitable trade this morning using BAM Pair Trading Strategy. The net profit potential was $2770 trading shorting (DO) at $79.69 while buying (RIG) at $70.67. Entered position at 10:45am EST and exited at 11:30am EST.

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