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Posted by Warren Mosler (208.49.176.241) on 20:25:21 11/29/07
In Reply to: Euro$ put strategy posted by Ed Rombach
I'm thinking jan fed funds will lose more than the dec ed's? They can back up a quick 30?
: Warren - Given your view that Kohn's speech is prelude to a discount rate cut, not a fed funds rate cut, and that 3-mo LIBOR is 5.12% and creeping higher, what do you think about buying the Dec07, 95.12 puts @ ~ .10, and/or 95.12/95.00 put spread at net .05 cost, or some variation on that theme?
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