yea I trade all the way out, have cal13 consecs up, although i rarely get too involved there. Look for silly values on the flies and hold em for a bit. m2/z2 is as far as i'll go in the half-yearlys. I tend to keep clear of the ZZs. It would seem friday's rally was well overdone in the mid-terms, still looking to get long with this Iranian news hanging about.
Yes mate, if not it just seems a natural hedge for the bigger traders. When we first got that news about Iran stopping shipments to europe the first thing to go bid was QUV, UVX went 1 3 and NQU went -14 -12, QUV traded up to +10s. Almost everyday someone goes to market with 2000-3000 lots in QU as well.
Huge amounts of fear driving this market at the mo, personally I dont see anything as being overbought, there's no reason why zz couldnt trade 10bucks if we get some news out. I'm really bullish this br curve, as you can probably tell. haha
To be honest I'm keeping it very tight, would rather trade on break outs than try and mean revert. Not to say that there arn't opportunities to do this in the flies, it's just im not piling in.
What do you trade?
