Tuesday, February 24, 2015

Closed Trade

Closed short EUR/USD June'15 @ 1.1339, gain of 19%.

The idea behind this trade was to take advantage of the nervousness surrounding a Greek deal.  It was set back a bit by the FOMC minutes, but was ultimately a winner.  I think if the new Greek government continues course, two things will happen: 1) they will run in to stiff resistance in their own party and may have to change course (unless/until it becomes overrun by opportunists leaving other parties); 2) medium/long-term, the economy will improve and modernize.  There are still many risks, but it looks like Greece was bluffing not just the Eurogroup, but their electorate.  In the end, not necessarily a bad outcome.

Will continue to watch whether this gets through Greek parliament...

1 comment:

  1. Allahabad High Court ने #NPA पर पावर कंपनियों को नहीं दी राहत, #RBI के सर्कुलर पर रोक लगाने से किया इनकार, पावर कंपनियों के शेयरों की पिटाई। capitalstars Financial Research Private Limited

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