11 Comments
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Pat's avatar

Nice work, really enjoyed this piece.

Nick's avatar

what’s your target on sugar? may have missed the write up on that. really like that trade esp if india supply gets cut further.

Alexander Campbell's avatar

I have 18 calls

Nick's avatar

thanks i was thinking 21-22 range by july/august

Alexander Campbell's avatar

yeah at 0.06 the July calls seem pretty cheap

PJ's avatar

Binary market. Barney question: what would you have done had you been on the desk instead of day job?

Adrian Bottomley's avatar

Any thoughts on the HYG put spreads? Add here?

Alexander Campbell's avatar

Sep is fine, I’m in April!

Alexander Campbell's avatar

Depends on your book. I’m looking at these things day to day but rn credit not working so maybe roll them further out and look for confirmation credit is starting to price in outcomes. Even if sticks don’t fit e spreads out, higher rates could

Adrian Bottomley's avatar

How far would you roll out?

Adrian Bottomley's avatar

ok thanks. currently in sept put spread in small. will wait for now.