Redridge Capital is back with vengeance.
This time we are shorting S&P via 7-10 days OTM puts strikes at 5800-5820 and some short positions in Netflix as well.
The rationale behind this trade is that the traders might be underestimating the associated volatility that might come with the next Bank of Japan meeting. We are expecting a hawkish outcome which will unwind USDJPY longs and start to unwind the froth in the risk assets as well.
The time to strike is now.
This time we are shorting S&P via 7-10 days OTM puts strikes at 5800-5820 and some short positions in Netflix as well.
The rationale behind this trade is that the traders might be underestimating the associated volatility that might come with the next Bank of Japan meeting. We are expecting a hawkish outcome which will unwind USDJPY longs and start to unwind the froth in the risk assets as well.
The time to strike is now.
Trade active
Taking short USDJPY position through options expiring 7FEB as well. Strike 151
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.