FX Vol Premium Trade Ideas
Apr 12, 2021
06:25 AM Singapore Time
Two-Week AUD strangles
Trade Wind

We are selling the AUD 7700 call for expiry Monday, Apr 26 at 44 tics
for a net loss of 4.6 tics
Spot Ref .7741 Vol Ref 5.5

We do not like the price action and feel that it is not worth owning over the weekend.

Orders - All canceled
April 20, 2021

Sell 50% of the Hedge at 7823
Sell 50% of the hedge at.7843


Spot Ref .7619


Two Week Expiry 2021 - 04 - 26 (14Days)

Buy Two Week AUD Stangle
.7700 AUD Call
.7540 AUD Put

Strikes .7700 & .7540 (Vols 8.59 & 9.46)
Total Cost in tics USD 48.6

WE ARE NOT LEAVING FIRM DELTA HEDGE ORDERS NOW,
BUT WILL CONSIDER HEDGING 50% OF THE DELTA BASED ON PRICE AT AT
.7700 AND AT 7540
IDEALLY BEST TO HEDGE ONCE WE HAVE GONE THRU THE STRIKES.










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