EUR/CHF has been under pressure for the the last two weeks despite Herculean efforts by the EU/IMF to bailout the euro zone. It looks as if the market is taking up the SNB on its offer the buy unlimited quantities of EUR/CHF.
If the Swiss decide they are gonna defend the undefinable, you may as well take them up on the offer.
I still like buying EUR/CHF puts rather than selling pot EUR/CHF…Spend a little, win a lot, if Europe blows up…
