Piotr G. ---------------
Temat: USD/JPY long term option trade idea / SAXO BANK / może...
I have bought a 1 year, 100 strike, USDcall/JPY put for 2.32 yen earlier today, about 28 delta. I like to express the idea this way because:1.An option pos allows one to ride out temporary yen buying spikes induced by geo-political or market shocks.
2.The risk/reversal and forwards cheapen the trade.