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capitalstreet_fx posted a topic in General BoardAsia Pacific stocks were mostly down Wednesday morning ahead of the U.S. Federal Reserve’s policy decision due later in the day. The Shanghai composite is down 0.03% at 3,445.63. Overall, the Singapore MSCI down 0.09% at 350.40. Over in Hong Kong, the Hang Seng Index up 0.15% to 28,995. In Japan, the Nikkei 225 up 0.07% at 29,740, while the Topix index is up 0.31% at 1966.0. South Korea’s Kospi down 0.54% to 3050.65. Australia S&P/ASX 200 down 0.47% at 6795.2. European equities Tuesday closing. The DAX futures contract in Germany traded 0.66% up at 14557.58, CAC 40 futures up 0.32% at 6055.4 and the UK 100 futures contract in the U.K. up 0.80% at 6,803.6. In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.39% up at 32826.0, the S&P 500 down 0.16% to 3962.7 and the Nasdaq 100 down 0.11% at 13154.9, NYSE closes at 15669.29 down 0.67%. In the Forex market, GBPUSD up 0.06% at 1.39. The USDJPY up 0.09% at 109.086. The USDCHF up 0.09% at 0.92543. EURUSD up 0.05% at 1.19076, EUR/GBP up 0.01% at 0.85654. The USD/CNY down 0.08% at 6.4998, at the time of writing. In the commodity market U.S Gold futures up 0.31% at $1,736.46. Elsewhere, Silver futures up 0.01% to $25.919 per ounce, Platinum down 0.33% at $1209.33 per ounce, and Palladium down 0.38% to $2,489.50. Crude Oil mix on Wednesday; Brent crude oil up 0.42% to $68.76 barrel while U.S. West Texas Intermediate (CLc1) is down 0.44% at $64.89. In the Cryptocurrency Markets, BTCUSD at 56182.31 down 1.28%, Ethereum at 1783.29 down 1.24%, Litecoin at 199.45 down 1.15%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: DISCOVERY Inc. up 2.905% at $75.81, MICRON TECHNOLOGY up 2.904% at $91.43, FORD MOTOR Co. down 5.379% to $12.49, CARNIVAL Corp. up 5.17% to $28.25, MODERNA Inc. up 8.604% to $156.02, FACEBOOK up 2.02% at $279.28. Economic news: US: U.S. companies are opting to issue bonds with fixed coupons rather than floating rates as the spectre of a rapid rise in yields impels them to lock in their costs of borrowing. Refinitiv data showed U.S. companies have issued $456 billion through fixed-coupon bonds until March 15, a 12% increase over the same period last year. At the same time, they have borrowed just $77 billion through floating-rate bonds in that period, a 33% decline. Eurozone: The European Central Bank won’t allow interest rates to rise too soon while the economy still grapples with the coronavirus pandemic, according to its chief economist. “Our objective is basically to make sure the yield curves, which play an important role in determining overall financing conditions, do not move ahead of the economy,” Philip Lane said in an interview with the Financial Times. “It is really a shift in monetary policy away from focusing on just the short-term rate by looking at all financing conditions,” because long-dated yields are key too. Policy makers decided last week to “significantly” increase the pace of buying in coming months amid concerns that higher yields will pull the rug out from under the euro-area economic recovery. Important Data: EURO ZONE CPI (YoY) (Feb) today at 6:00 this time estimated 0.9%, previously which was 0.9%. US Building Permits (Feb) today at 8:30 this time estimated 1.75M, previously which was 1.886M. CANADA Core CPI (MoM) (Feb) today at 8:30 previously which was 0.5%. US Crude Oil Inventories today at 10:30 this time estimated 2.964M, previously which was 13.798M. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- SELL AT 1.3854, TAKE PROFIT AT 1.3824 AND STOP LOSS AT 1.3898 EURUSD TRADE SUGGESTION- SELL AT 1.19266, TAKE PROFIT AT 1.19054 AND STOP LOSS AT 1.19636 EURGBP TRADE SUGGESTION- SELL AT 0.86080, TAKE PROFIT AT 0.85946 AND STOP LOSS AT 0.86203 EURJPY TRADE SUGGESTION- BUY AT 130.145, TAKE PROFIT AT 130.440 AND STOP LOSS AT 129.966 S&P 500 TRADE SUGGESTION- BUY AT 3969.66 TAKE PROFIT AT 4000 AND STOP LOSS AT 3932.35 WTI CRUDE OIL TRADE SUGGESTION- BUY AT 64.61 TAKE PROFIT AT 65.30 AND STOP LOSS AT 64.31 GOLD TRADE SUGGESTION- SELL AT 1727.55, TAKE PROFIT AT 1715.82 AND STOP AT 1739.42 BTC USD TRADE SUGGESTION- BUY AT 55090.00 TAKE PROFIT AT 55993.00 AND STOP AT 54466.53
yanoshi posted a topic in General BoardSay I have an options strategy which requires me to hold a Synthetic short stock position for 1 year. So that's: a Long put with 1 year expiration + a Short Call with 1 year expiration, with both at the same Strike price. My strategy requires me to hold it for at least 1 year. However, lets say 6 months into the year, my short call is deep in the money and gets assigned, so I am obligated to fulfill it. Now my multi-leg strategy is broken as my short call position is gone. How would I go about reconstructing it so I can continue on the position for the rest of the year?Would I just Instantly sell the same calls at the same strike price with the same expiry? I assume the credits from selling the same calls would essentially cover the loss from the assignment, and the position would continue on? Thanks