RSX has been a great long that I had sold too early.
That said, I think the risk/reward no longer favors being heavily long here. The USDRUB is falling in a nice channel but may need to reset its momentum here. A few days / weeks of consolidation would make a great re-entry for RSX or SBRCY.
If you've got long positions for the dividend I wouldn't rule out hedging with some covered calls.
That said, I think the risk/reward no longer favors being heavily long here. The USDRUB is falling in a nice channel but may need to reset its momentum here. A few days / weeks of consolidation would make a great re-entry for RSX or SBRCY.
If you've got long positions for the dividend I wouldn't rule out hedging with some covered calls.