We have over $8k unrealized profit in our cable trade and expect some two-way volatility around the BREXIT vote today.
We are thus putting in an OCO (One-Cancels-The-Other) order on 5 contracts of B6H19 with a limit at 1.3050 and stop at 1.2830, just below the 50-day. If we get taken out, don’t mind buying higher.
Conversely, don’t want to turn a winner into a loser in the event traders get spooked. Not sure the market would be comfortable contemplating a potential Jeremy Corbyn government over the next few weeks.