SocGen Touts Euro/Sterling Butterfly

Société Générale is advising investors to buy three-month 25 delta butterflies on the euro against sterling and sell two-year 25 delta butterflies on the same pair.

  • 28 Sep 2012

Société Générale is advising investors to buy three-month 25 delta butterflies on the euro against sterling and sell two-year 25 delta butterflies on the same pair. The trade positions for euro weakening if optimism regarding the eurozone diminishes.

"We use butterflies because of the low convexity in the front-end ...

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