SELL POUND VOL AND BUY YEN VOL
Over the past couple of weeks British Pound option traders have faced a wall of gamma buying. Implied volatility for near term CME pound options has doubled from 14% to 28%!
Substack is the home for great culture
Over the past couple of weeks British Pound option traders have faced a wall of gamma buying. Implied volatility for near term CME pound options has doubled from 14% to 28%!