64% of their revenue stems from UK, high valuations, and given this Brexit scenario and correlations approaching 1 i think it was a good prospect for a decline. Looking at the 7/1 $40 strike puts. Let me know thoughts quick
I don’t have a particularly strong view one way or another, but be aware that while they have 65% of customers in the UK, nearly all of their assets and production is elswhere and commodities can be sold anywhere. You’re also betting against gold, which could be tricky given your outlook.
haha. is there a correlation between AF poster response time and the alpha you generate? maybe we should launch an AF consensus fund? though we’d end up owning a lot of indian IT and ab-improvement stocks due to troll influence.
BS - yah i realize that, i havent pulled the trigger yet (thank god so far)
MLA - they are 7/1 expirations so time is of the essence. I may couple this w/ going long bcs.
^how long is ur holding period
Apparently like 4 days if I"m understanding the maturity date.
^yah… I would have profited handsomely if i made the bet given the decline today