What's your play on December 2?

Discussion in 'Trading' started by 76132, Nov 3, 2011.

  1. 76132


    In anticipation of the Greek vote, what would your play be? Apparently, polls have said the Greeks will vote against it but I somewhat think that enough people will wrap their heads around the magnitude of a default and vote for the bail out.

    What is your opinion?
  2. 76132


    Forgot to add what I was thinking: Initially, leading up to that day, I was thinking about going long volatility using a straddle/strangle or something but obviously the premiums would be expensive. Now I'm thinking of making a play on the VIX and hedging some downside risk.
  3. The last week of November and the 1st week of Dec seem like they are always insane for some reason or another at least for the last 3 or 4 years. Remember all that AbuDabi default volatility.
  4. Someone should tell the Greek people beggers cannot be choosers.
  5. The referendum will never happen. Papa is having delusions of grandeur and believes he will be the next President.