CHEAP JAPANESE STOCK INDEX FORWARDS

The 'tourist explains his new favourite Japanese stock index position which is a relative bet on the Nikkei outperforming the S&P 500 while also (hopefully) getting him long volatility

As you folks are aware, I am partial to Japanese stocks and have been for some time.

BUYING JAPANESE STOCKS - November 24th, 2020
JAPAN CAN’T GET NO RESPECT - June 5th, 2020
MR. STUPID BUYS JAPAN - August 15th, 2022

The purpose of this piece is not to review the fundamental reasons for this position. Instead, I would like to focus on an edge that makes trad…