Yup the VIX is annualized. Your calculations look correct as far as my understanding goes. To add: VIX/16 = daily 1 SD expected moves VIX/√52 =...
1 point = 2.5 cents 40 points = 1$ The 41 you calculated is from the included risk-free interest rate and dividend.
You could hedge out with a USDCHF positions to mitigate any upside risk in your GBPUSD position. GBPUSD is approaching the 200 sma on the 4hr...
I don't know how to send a PM but I would love to join the zoom call.
Separate names with a comma.