USDRUB is moving inside the rising channel (green lines), resistance level 60-62 was broken 3 days ago. Probably level 60-62 is a support now. The delta hedge levels of USDRUB volatility trading are 62, 60, 58... or 64, 66, 68 (every 2 rubles, red lines).
The September series volatility is 22%, two weeks ago it was 15%. In case of reducing of USDRUB rate to the lowest level of the channel together with reduction of volatility, buying volatility makes sense. Selling volatility at current levels seems very risky.
The September series volatility is 22%, two weeks ago it was 15%. In case of reducing of USDRUB rate to the lowest level of the channel together with reduction of volatility, buying volatility makes sense. Selling volatility at current levels seems very risky.