Great article. What I find most interesting was his choice of vehicle to express this trade. I’ve often wondered, and admit, I’ve not done any homework on this, but what were the best ways to express this view. I had a calendar straddle (3m put, 1m call) which did well but not that well. But was psychologically easy to manage and allowed for my timing to have been early. The element I find most intriguing was the conviction on the timing. Anyway. Thanks for the work on this.
Great share!
Great article. What I find most interesting was his choice of vehicle to express this trade. I’ve often wondered, and admit, I’ve not done any homework on this, but what were the best ways to express this view. I had a calendar straddle (3m put, 1m call) which did well but not that well. But was psychologically easy to manage and allowed for my timing to have been early. The element I find most intriguing was the conviction on the timing. Anyway. Thanks for the work on this.
Just one question. How is it determined when the CDS contract will get closed. When the spread widens ?