I closed the FXP trading position long...
There's no point in being long FXI and FXP is there and FXP looks ready for a pullback.
I opened an FXI equity long trading position to replace the one above and also opened FXI May 17th (expiration) $34 calls.
The Call position is a little smaller than usual since there's already exposure in FXI equity long, I basically tried to make it about the size of a normal trading position.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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