200% Short Euro x 2 Added two (2) new positions (20 units) of EUO-N today - plan to hold down to a 120ish target USD cross rate of exchange.
Q: What are odds the EU boots out Spain and Greece from the Monetary Union, legislates ringed-fences for the good and bad EU banks holding UinBS options and Golden Slacks futures in London, and also passes huge new financial monitoring reforms... and all by the end of the year? In doing so, getting it ready to mark the next new GS Canary in the coal mine? You say, likely never! Contra_Man says never say "never" and so now you know what my x-mas present is under the tree... EUO-N times three :)