US PGA Golf
I’m currently working a few positions into this market.
I like the US tournaments because you can benefit from decent liquidity in the run up to the start without having to get up a ridiculous O’clock in the morning.
No major movers at the moment, Lee Westwood has drifted a bit. Rory McIlroy looks a little short to me. OK he has an incentive to win, but his form has been a little erratic since his first major. It’s not uncommon for form to dip when players get that initial breakthrough. So many years spent pursuing that goal that relief kicks in before they return to top form again.
The notable thing about getting a position into the market this morning is the spread. The book is currently 107.6% on the back side and 98.2% on the lay side. If you back, trying backing at the current lay price. If you back at the current back price there is a theoretical slippage of nearly 8% and that’s expensive.
So that’s what I am currently doing, minimising slippage, trying to get in at the best price available. If I can get in at close to zero it’s highly likely I’ll get out with a profit. From there it’s over to the Golfers.
Category: Golf, Trading strategies
