Decided to take a small punt though I wasn’t exactly comfortable with the volatility.
A two day put option was 120bps, which means for every 1Million nominal option size, the cost is $12,000/-.
Nonetheless, decided to take a small position with the following details: –
2 Day Put Option
Option Amout: $2Million
Strike: 1.4862
Premium: 115bps
Breakeven: 1.4747
It’s gone crazy now!!!!
About half of the results are in and Leave leads by 3.5%, GBP plummets.
I decided to take profit on my option and sold the option five minutes ago at 1.3490 for a whopping 1,257bps or a payout ratio of 10.4:1!!!!!
I am out for the rest of the day! Thank you UK!
The Panthenon Investment Group 