Monday, June 18, 2012

A bet on volatility for Monday

Been following the Greek situation for the last 'x' months, where x is a value I can't remember any more. I've been only keeping mild positions in equities (that haven't been faring so well) and had a position against the Euro for a reasonable profit. Sold EUR/USD at 1.32 and bought back at 1.26, which isn't too bad. I do think that the Euro will continue to decline however.

As of Friday, I've decided on taking a short-term volatility bet since either the ND wins by a small margin and the political landscape remains the same or Syriza wins and the market is going to get a little wild for the coming week. Will be interesting to see where things go and as of this post. The Greek election will close in 4 minutes.

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