Update: BRE Properties Inc. (BRE) VS Avalonbay Communities Inc. (AVB)

The long $BRE short $AVB spread had a nice pop since I mentioned it as an idea last week.  I’ve taken my little scalp and I’m moving on.  The trade still has a little bit of meat on the bone, but you have to ask yourself how long you’re willing to hold the position for.  If your time frame is 30 days then it may make sense to hold on for a bit longer.  If you don’t want to hold for a month then the near-term edge is most likely gone at these levels.  I’m going on vacation in a week and want to be flat or very close to it by the time I leave.

Read: Trade Idea: BRE Properties Inc. (BRE) VS Avalonbay Communities Inc. (AVB) (Dynamic Hedge)


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