Only 1 week until the Brexit vote. How are you playing it?

Discussion in 'Trading' started by Low Salubrity Thug, Jun 15, 2016.

  1. Good might can modify stop loss on break even, maybe sunday broker not on operation and waiting next day, than me still on loss floating on gbpjpy
     
    #21     Jun 19, 2016
  2. vanzandt

    vanzandt

    I bought deep in the money puts on VXX last week when it was $16.50ish for damn near intrinsic value. I just had a feeling the markets were going to roar this week. (Cha-Ching ;) )

    Its like this (my logic)... First off, America has severe ADD, .... isn't like 75% of our markets driven by our consumers? I just don't see Joe six-pack not going to Walmart and buying junk he doesn't need with money he doesn't have because a bunch of Brits voted one way or the other.

    You think someone is going to put off buying a house this week or buying a car because of what the Brits do? No way!

    The ramifications of Brexit are way beyond my paygrade, I'm not a banker or an economist.... but as long as Janet is keeping the party going here in the good ole US of A .... I'm bullish near term. I'm probably oversimplifying this, again, this is stuff for academia... but I trade on intuition and I best do that by predicting the Wall Street herd.

    VXX is one of my favorite traders btw. I always trade $4 and below weekly expiration Puts/and Calls that have very little time value in the price..

    ... I love events like Brexit:cool:... God Save The Queen. (insert that funny British national anthem music)
     
    #22     Jun 20, 2016