Trade view /
01 July 2016 at 17:07 GMT
Our strategic Brexit trade has two more weeks to expiration. As expected, bonds have rallied strongly after the Brexit and today the US T-bond is up another 0.71% at $139.88 after making a new 52-week high at $140.82.
This is over 5% of gains in one week and bonds look overbought. We are comfortable taking no action on the iron condor, skewed to the upside. Will provide another update next week.
— Edited by Michael McKenna
For more on contract options click here
Non-independent investment research disclaimer applies. Read more