Jon Najarian's Brexit Options

T

TradeCat

I don't have CNBC Pro. Anybody know what Jon's play is for Brexit? It's probably too late to copy him but I'm very curious since he's a smart investor. And I follow the smart money :D
 
newwurldmn said:
I wouldn't follow anyone whose primary goal is to:
1. sell a book
2. maintain viewership on CNBC
3. grow a ponytail.
More...

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newwurldmn said:
I wouldn't follow anyone whose primary goal is to:
1. sell a book
2. maintain viewership on CNBC
3. grow a ponytail.
More...

Mostly agree except on 3., if I may, nothing wrong with ponytails, except when you try to grow them when you are bald :D
 
My play would be buying call options on FXB (British Pound ETF)

  • FXB at $143.87
  • 52-week range $135.67 - $154.85
  • FXB July 15, 2016 145.00 call is $3.60



:)
 
OptionGuru said:
My play would be buying call options on FXB (British Pound ETF)

  • FXB at $143.87
  • 52-week range $135.67 - $154.85
  • FXB July 15, 2016 145.00 call is $3.60



:)
More...
Very interesting. I actually like this. Maybe even turn this into a bull spread. This is a repeat of the Scotland referendum.

I don't know about pony tails, but I don't trust analysts with bushy beards.
 
Why should the British pound go up?
Are you postulating a withdraw from the EU or a stay?

There's also a British ETF: EWU
http://finance.yahoo.com/q?s=ewu&ql=1

I wouldn't know how to bet either one. There's too many variables. The first question is will Britain stay or go? Then the question will be how will it effect their economy. Then the question of how it will effect the pound.

Beats the crap out of me.

http://finance.yahoo.com/news/brexit-average-joe-needs-know-025002285.html

http://finance.yahoo.com/news/brexit-101-7-ways-trade-162804047.html

BTW an Aug ATM straddle on EWU only costs $175 as of now.
 
Last edited:
Optionguru,

The etf is on its 8th year high IV,
this is a very expensive trade, odds are against us (massively) why not buying the paper instead?

upload_2016-6-22_20-37-5.png
 
Gimpyron said:
Optionguru,

The etf is on its 8th year high IV,
this is a very expensive trade, odds are against us (massively) why not buying the paper instead?
More...

You need to be able to sustain the massive price swings, if you go paper, whatever stop you use, it will probably trigger, unless you use something so big its not worth trading.
 
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