Wonder what people think about a Put Credit spread on IGO for Nov or Dec.
I get PM if it doesn't drop, and may be interested in actually being assigned at $12.
..... Say $12/$10 Put spread. Delta for the Nov17 is 0.23, and 0.26 for Dec15.
Any thoughts ?
Actually the inverted 2/10 yield curve DOES NOT 'guarantee' a recession. Having listened to the author (A university researcher/Ph.D student ? of some US University in maybe 1980's or 1990's) of the paper her wrote that assessed this phenomenon in a podcast he stated that 'it all depends on how...
RBA rate at >3.85% by EOY.
FED rate at 4% (0.75, 0.5, 0.5) by EOY.
Oz inflation above 7% EOY.
US Inflation above 5% EOY .
Oz house prices -10% EOY.
IR rate cuts not before June ‘23.
...... unless the banks chicken out and give up on fighting inflation.
Powell likes Volkers strategy and looks...
We all look for/at the complex aspects. Personally and simply I believe the market expected 50bps, but had some concern it would surprise at 75bps. It was 50 so ‘they’ we relieved and had a bit of a ‘relief’ rally. That’s all.
Just updated my portfolio.
Down 7.6% since my ATH on 1st July 2021. Ahead of my personal benchmarks of FTSE, IWLD and AORDS.
Ahead of these benchmarks over 1,2,3, and 4 years.
Currently only 15% in cash.
Offset accounts are full (ie. equivalent to the loans they offset).
IR on loans are about...