I think that’s probably protection against their spot positions as I’ve heard some big HFs are ploughing into EUR/CHF longs once again. The CHF won’t really weaken until the big safe-haven asset plays start to unwind so either the US and EUR starts to improve significantly or somethg happens to unnerve CHF investors
Hi, Sean,
Any particular info for CHF?
There are stories saying SNB buying while some big punters buying huge volume of put , strike below 1.20
I think that’s probably protection against their spot positions as I’ve heard some big HFs are ploughing into EUR/CHF longs once again. The CHF won’t really weaken until the big safe-haven asset plays start to unwind so either the US and EUR starts to improve significantly or somethg happens to unnerve CHF investors