Yes, that was my position and I had to apply some dynamic hedging when we reached 1.45 something. Bad timing. Agreed. Actually, I am playing now the range 1.41 - 1.49. You know, there are thousands of put option holders in the range 1.41-1.44. Usually a sign for mega bull trends. But hey, what do I know ? Nothing.
Buying massively EURO put options, strike 1.4200
- Thread starter ASusilovic
- Start date
Yes, that was my position and I had to apply some dynamic hedging when we reached 1.45 something. Bad timing. Agreed. Actually, I am playing now the range 1.41 - 1.49. You know, there are thousands of put option holders in the range 1.41-1.44. Usually a sign for mega bull trends. But hey, what do I know ? Nothing.
Retail traders still short massively EUR/USD. Look for a short squeeze. I am exiting all PUT options assembled in the last 2 weeks.
GL+GT
EURCHF has much more room. Every habitant of Greece and other EU countries is running into Swiss banks fearful of a EURO disaster. Remember: bank(st)ers have always been specialists in fear mongering-which creates volatility-which creates "opportunity".
Last print 1.2181. Ouch, this must hurt Swiss exporters.Maybe UBS and CS will finally start to think the "Swiss way"?
