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

by Administrator on July 2, 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 $630 trading Shorting (DO) at $64.62 while Buying (RIG) at $48.31. Entered position at 10:10am EST and exited at 11:45am EST.

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