BoC Senior Deputy Governor Wilkins stuck to broad financial stability and regulatory issues in her remarks at the Montreal conference of the International Economic Forum of the Americas.
That didn't offer much for markets, although there is potential for some monetary policy relevant remarks at the press conference of the Financial Stability Review on Thursday.
Currency Option Insights: (USD/CAD)
Earlier Bear Put Spreads are already In-The-Money,
Our last call, Bear Put Spread = Long on ATM Put (strike at 1.2413) + Short another Put with lower Strike Price (Out of the Money at 1.2320).
We would still advocate the same strategy as some more slides are likely on the cards. One can stand a chance to derive some more returns on the same strategy.
Use suitable appropriate ATM & OTM strikes.
Delta on ATM should be substantially negative while positive on short side.
Insights & Views
Put spreads have become ITM, prolong current position as USD/CAD likely to slide further
BoC Senior Deputy Governor Wilkins stuck to broad financial stability and regulatory issues in her remarks at the Montreal conference of the International Economic Forum of the Americas. That didn't offer much for market…
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