Hedge GBP/JPY tail risk; long underlying 137.80 target 139.50 +x

N

Nighthawk

Nighthawk says:

Hedge GBP/JPY tail risk, go long 137.80. Target 139.50+. Most probably target 143.99.

Let´s see.

GL+GT
Nighthawk
 
Peter10 said:
flashcrash
More...

Told you to hedge tail risk, didn´t I?

Last trade: 138.01. Expect this to move above 149.71. Why? Well, something to do with volatility smiles, risk premiums and 25 delta risk....and the usual other "stuff"....

I hope, the Japanese desk had their fun to run for the 105.00 Knock Outs from Japanese exporters hedging their exposure?
 
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