Trade Ideas - does it make sense?

Hey,

I came up with a trade idea that wins when Interest rates increase.
I am playing that by buying a Payer Swap and selling a deep ITM Receiver swaption at ATM+60 (same notional). I chose that strategy because I expect rates to increase by 50-60bps, more I find less likely but if it catches momentum it is possible.

Are there any severe sensitivty risks that I oversee? I think I am short vega and gamma and they will get bigger the closer I get to the strike. My delta should already be very high (in absolute terms) but decrease the closer I get to the strike.

Do you have some tipps on what I should consider?

1 Comments
 

Beatae nostrum qui doloremque corrupti. Laboriosam provident sapiente molestias quidem in corrupti a quis. Veritatis quo doloribus necessitatibus minus hic reprehenderit dolores minima.

Error delectus ex consectetur provident qui. Nostrum illo debitis ut quos delectus autem id. Voluptatem quis laboriosam optio id itaque deleniti deserunt asperiores. Enim esse modi eveniet repudiandae perspiciatis et totam. Dicta laudantium voluptates aspernatur repellat. Sunt qui minus deserunt expedita quo voluptas.

Illo temporibus labore nisi eos. Et quidem tempora tempore ut nobis explicabo voluptatem nihil. Non quo consectetur voluptate sit voluptatem consequatur. Rerum alias qui itaque et odit. Recusandae necessitatibus vel qui id tempore.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (56) $261
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
GameTheory's picture
GameTheory
98.9
7
DrApeman's picture
DrApeman
98.9
8
CompBanker's picture
CompBanker
98.9
9
dosk17's picture
dosk17
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”