Trade view /
07 August 2017 at 3:34 GMT
Risking 1% of assets under management to get some negative delta on US equities, which have been looking heavy and a little toppy over the last few weeks.
We feel we could be on the cusp of a technical pullback, as things looked stretched and exhausted.
Management and risk description
Risking 100 basis points on this trade. Would look to close the trade, if technicals seem to be changing - that is, we base here for a few weeks, potentially reloading for another leg up.
One: 6,200; target two: 6,120 / ad hoc.
Zero to four weeks
— Edited by Robert Ryan
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