What does China’s host bid mean for the High Seas Treaty? 
How the war in Iran is already affecting UK farmers and food production 
Will a new border deal with the US open a backdoor into Kiwis’ personal data? 
Gold is meant to be a ‘safe haven’ in uncertain times. Why is it crashing amid a war? 
Goldman Sachs Raises Oil Price Forecasts Amid Strait of Hormuz Disruptions 
God on their side: how the US, Israel and Iran are all using religion to garner support 
The four types of dementia most people don’t know exist 
Federal Reserve Balance Sheet Reduction: Brookings Research Outlines Possible Path Forward 
Makemation: a Nollywood movie that shows AI in action in Africa 
Trump Tariffs Show Minimal Economic Impact but Boost Federal Revenue, Study Finds 
The expert panel of President Andrzej Duda, who had been re-working the FX mortgage conversion proposal have given interviews individually to the media, which have clarified certain points.
The final proposal is still not ready of course, and there are a fair number of competing ideas from which it will be drafted.
EURPLN has been consistently slumping from the highs of 4.4574 to the current 4.3332 levels, broken major supports by slipping below DMAs.
Leading and lagging indicators are converging to the ongoing price declines.
Use a Bear Put Spread over a naked long put as ATM puts are overpriced (trading more than 50% of NPV but IV is just a tad below 7%)and this huge disparity is not conducive for the prevailing underlying spot FX which is only expected to move marginally lower in the weeks to come.
Thus, go long in 1M (1%) in the money 0.61 delta put and simultaneously, short 1M (1%) out of the money put with theta closer to zero for net debit.
Maximum Loss: Limited to the extent of initial premium paid.
Maximum Gain: Limited to the difference between Strike Price – Initial Premium Paid.
Breakeven Point: Long Put Strike Price – Initial Premium Paid.
