Short $INDA

by PeenusTits

I’m gonna keep it to the point.

a) India’s debt problem is long overdue.

link:

edition.cnn.com/2020/03/06/business/india-yes-bank/index.html

you can read more about how deep in shit the Indian economy will be www.reddit.com/r/wallstreetbets/comments/fe5s7e/the_fed_repos_are_an_attempt_to_prop_up_the/?utm_source=share&utm_medium=web2x

b) The virus numbers are going to SPIKE.

The hygiene is bad. Most of the Indian population work minimum wages. They need to make bank so don’t bother with the virus. The numbers are low right now because the working class can’t be bothered with testing. In a week or two, the numbers will spike. This along with the above point will stab the economy if not cause a crash.

c) North India is fighting an Insect Plague.

The locust plague is said to be the worst in nearly 30 years. The pesticides used are killing the insects and the crops.

READ  Dollar short is the most crowded trade. All are sitting at the same side of the boat.

www.japantimes.co.jp/news/2020/03/06/asia-pacific/pakistan-locust-plague/#.XmQXZ0pS9PY

My Positions: Apr24 ’20 27 put

edit: India is also having the ‘Festival of Colors’ , this will increases the chances of spreading.

Monday open might be the last chance to get on the ride.

 

 

Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.

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