Pete and James revisit this mornings discussion from Closing the Gap with Tom and Tony.
Pete walks through the mechanics of trading Euro futures against pound futures and the rationale of weighting 1 Euro future to 2 pound futures.
James steps in to downsize the trade, looking to keep the pound future exposure but reduce the Euro exposure. They jump over to FXE, the Euro ETF, and consider short premium, short delta trades to partially hedge the pound exposure.
Tune in to hear Pete and James' full thinking behind the trade set up and mechanics!
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