what does the term structure look like for that product? Oct vs. Jan vs. Apr?So I am playing around with the idea of putting on a PA trade that will pay out if Boris does his thing by Halloween (or even a bit later). Slightly OTM January puts on EWU (iShares ETF tracking the MSCI UK index) look favorable, with implied vols in the 10% range last I looked. As I understand it, that ETF (which trades in USD) does not do any currency hedging, and should therefore capture both the domestic share price action as well as the drop in Sterling. And I am pretty sure our compliance rules will actually allow me to buy these things. Any better ideas?
Great joke, but I think the last (?) version of BoJo's plan mentioned XmasOne is reminded of the old joke about why computer scientists get Halloween and Christmas confused. Because Oct 31 = Dec 25