I am massively short the USD.

Discussion in 'Trading' started by destriero, Aug 31, 2019.

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  1. contra

    contra

    Thanks, yeah exactly the plan. I think we're good here for now, doubt it hits your NT by Friday.
     
    #171     Sep 4, 2019
  2. destriero

    destriero

    I solved for the gain on the remainder to the barrier so I don't lose anything from current mark to the barrier ($30K on spot; ($30K) on barrier).
     
    #172     Sep 4, 2019
    contra likes this.
  3. destriero

    destriero

    I plan on shorting 20MM (against notional, not prem) in the 1.31 vanilla puts out to October on Monday. Opportunity gains resulting in one fat synthetic straddle.
     
    #173     Sep 4, 2019
  4. contra

    contra

    Yep I figured that from the way you used to trade the DNT/NT's in FX. So you picked that strike and payout with this in mind (from your average price at 1.3321)?
     
    #174     Sep 4, 2019
  5. contra

    contra

    Because I know it used to be you traded the DNT/NTs then solved for spot, but this is a different situation.
     
    #175     Sep 4, 2019
  6. destriero

    destriero


    I didn't as this was a straight spec initially and I was only interested in doubling the carry (in the barriers). I didn't want to invert on any significant portion and be net long delta in USD.

    I do plan on shorting the synthetic combo on the way down. ALL the way down. bc you know, that's how you know.
     
    #176     Sep 4, 2019
    kinggyppo and contra like this.
  7. destriero

    destriero


    Well that was edge in vol in which I'd solve not for local delta but for recovering half of the loss on the barrier touch.
     
    #177     Sep 4, 2019
  8. destriero

    destriero

    I am pulling it from my watchlist until Friday's settle. I have no risk in the position. I gotta focus on eq-vol.

    But please, all you hero longs, discuss...
     
    #178     Sep 4, 2019
  9. contra

    contra

    Right, it was to cover the swap. This is technical.

    Right... I forgot it was half of the loss on the touch. It's been awhile and I didn't really get to play them myself much. Just as I was getting into it, the boxes magically vanished from Oanda. lol
     
    #179     Sep 4, 2019
  10. destriero

    destriero


    fail.
     
    #180     Sep 4, 2019
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