Options with what underlying might be a goer? March expiry would be too soon. The election (which may not happen) is scheduled for 4 March; I don't think collapse will take as long as a month after that, but it's possible. An indicator that things are going as expected is if candidates start pulling out.
I am thinking of buying RUSS. Very newbie question - but how do I find out what UK-accessible broker offers this? Couldn't find any mention of it at the IB UK website. Would like a bit more leverage though. 10% fall in the index, 30% return...should be able to capitalise a bit more??
If I understand right, RUSS follows (at minus 3 times the % movement) the Daxglobal Russia+ index, which is very weighted (51%) towards energy, i.e. oil and gas. So maybe deadbroke's idea of just trading crude oil (e.g. using CFDs?) is also a goer, even if the relevance of my take on Russia (and not the world oil market) would get a bit diluted...
Many thanks to everyone who's posted to this thread!
Edit: apparently on 19 March the benchmark index will change to the Market Vectors Russia index, of which only 40% is energy.
I am thinking of buying RUSS. Very newbie question - but how do I find out what UK-accessible broker offers this? Couldn't find any mention of it at the IB UK website. Would like a bit more leverage though. 10% fall in the index, 30% return...should be able to capitalise a bit more??
If I understand right, RUSS follows (at minus 3 times the % movement) the Daxglobal Russia+ index, which is very weighted (51%) towards energy, i.e. oil and gas. So maybe deadbroke's idea of just trading crude oil (e.g. using CFDs?) is also a goer, even if the relevance of my take on Russia (and not the world oil market) would get a bit diluted...
Many thanks to everyone who's posted to this thread!
Edit: apparently on 19 March the benchmark index will change to the Market Vectors Russia index, of which only 40% is energy.
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