I am massively short the USD.

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destriero said:
FWIW, this is a long term position in USDCAD. I can cover the carry on the position indefinitely in vol. I have a short touch going off on Friday at which point I will short 40MM in vanilla puts below the mkt as well. I won't update on the vol unless spot trades under 1.32 (vanilla put strike) as I'd invert.

If you don't understand the above then don't bother replying as I am not inclined to wipe your drool.
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@destriero The carry isn't even that bad on USD/CAD but if you are so concerned about the carry why not short USD/TRY or USD/RUB or similar? Unless I understand your macro view wrong, essentially you are short USD irrespective of risk off in EM currs.
 
tsznecki said:
@destriero The carry isn't even that bad on USD/CAD but if you are so concerned about the carry why not short USD/TRY or USD/RUB or similar? Unless I understand your macro view wrong, essentially you are short USD irrespective of risk off in EM currs.
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I don't touch exotics. Non-deliverables have stupid spreads and no vol-trading.
 
destriero said:
FWIW, this is a long term position in USDCAD. I can cover the carry on the position indefinitely in vol. I have a short touch going off on Friday at which point I will short 40MM in vanilla puts below the mkt as well. I won't update on the vol unless spot trades under 1.32 (vanilla put strike) as I'd invert.

If you don't understand the above then don't bother replying as I am not inclined to wipe your drool.
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Your trading is way above my head, but very interesting to read about (I might learn something). You mention "long term", what kind of time scales are you talking about? Is this weeks, months, longer?
 
HobbyTrading said:
Your trading is way above my head, but very interesting to read about (I might learn something). You mention "long term", what kind of time scales are you talking about? Is this weeks, months, longer?
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My average holding period for vol is (now) 11.6 days. My average holding period for macro index spec is 44 days. My average holding period for cyclical macro (all) is almost a year.
 
I faded the idiot @bbpp's call on a breakout and got in at a good price yesterday after it hit my limit. It immediately went "all the way down."

bbpp-faded.png
 
I an long the 1.32 NT (short the touch) from 28/40K and it's marked to 20 (loss of 8K). So just under a hundo gained to date. Many thanks to the losers in peanut gallery for taking the other side.

1.3247. Marked.
 
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