Short the TURd
Updated
TURd overbought and at resistance, bought a few Aug and Sept puts.
Seems at this point I'd be chasing the drop on any other stock... No reason for Turkey to rally when all other markets are dropping
Seems at this point I'd be chasing the drop on any other stock... No reason for Turkey to rally when all other markets are dropping
Note
Let's hope Turkey follows the Asians' lead...Trade closed manually
BIST didn't drop much and the rate collapse is helping TRY.Decided to take the 100% gain on $23 puts since they expire tomorrow.
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