OPPORTUNITIES IN THE LONG-DATED FX OPTION MARKET

Part 3 of "the 'tourist is still short USD" series

Recently, I shared my forecast that in the coming years, FX markets will be more volatile, and also, how the shape of the distributions will change. If you are a directional trader, then my position on the US dollar should be quite clear; I expect it to decline in the coming months, quarters, and maybe even years. The surprises will be to the downside.

T…