Exit some more at 6059.00.
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Short DAX at 7740
- Thread starter ASusilovic
- Start date
Last print 6073. Entering some 6050 puts.
Entering 6200 / 6050 strangle.
Quote from dont:
Long or short
There is no long or short in a strangle, it is a volatility based
product. Clearly he is expecting high volatility within a short timespan
therefor if price reaches either 6200 to the upside or 6050 to the downside
he will gain from the strangle, if
price goes sideways and therefor does not reach the up or down target
he will lose. he will need high volatility. use google to find wikipedia article on strangles.
correct me if im wrong
Quote from dont:
Long or short the strangle, if you are long you want high volatility, if short you want volatility to drop.
I expected high volatility.
As usual, doom and gloom protagonists have entered the Euro area again. German banks need over $130 bn in capital and more of the same bla, bla, bla...
PIMCO of course heavy talking its interests: high probability of Greek default or restructuring. Bla, bla, bla...blu, blu, blu, ....bli, bli, bli...
Can´t hear anymore the defeatists !
FDAX hedged 5850, 5950, 6050.
ES still hedged 1040,1045,1050,1055.
In the moment currencies are a very interesting playing field as our Japanese friends want to test how the strong YEN is counterproductive to any export companies. Well, no problem. Bought some 0.1200 CME calls. Let´s see whether the braniacs at the BOJ have the guts to let the YEN further appreciate. As I understand the old man´s club there, they don´t give sh1t about deflation tendencies.