My last trade while at my brother's fund. Long a EUR/JPY no touch struck at 147.30 that expires tomorrow. Short the vanilla risk reversal with a Tuesday expiration at the NYC fix. I will go long spot after the exotic goes OTB to hedge the reversal. It's been fun. Looking forward to starting my own shop.
risk, is the "no touch" trade with a hedge your preferred strategy? are the hedges hard to manage? is there a way to study or search this answer if you have been asked this before? i am obviously interested in studying what you do and how..... thanks again