📝 Recommend Positioning For Higher USD/CHF: Société Générale
- Rosbel Durán
- Aug 23, 2022
- 1 min read
EUR/USD breaking below parity could prompt the central bank to step in and try to stop franc appreciation more decisively
USD/CHF vol is unusually cheaper than EUR/USD vol
Recommends USD/CHF 2m call strike 0.98, knock-out 1.0250; USD/CHF 2m butterfly call strikes 0.98/1.00/1.02
Both trades are long theta, so they are intended to be kept until their 2m expiry to obtain the maximum payoff
- Société Générale
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