In financial markets, "punt" is a term used to describe a short-term, speculative trade or investment strategy. The term is often used in the context of stock trading, where an investor may "punt" on a stock by buying shares with the expectation of quickly selling them at a profit, rather than holding onto them for a longer period of time. The term can also refer to a strategy of buying options or futures contracts with the expectation of quickly closing the position at a profit. Punt is considered a high-risk strategy and is generally employed by traders and speculative investors, rather than long-term buy-and-hold investors. The term is also used in the context of currency trading, where a trader might punt on a currency, taking a short-term position in anticipation of a price movement.
In general, if you're 'punting' on a trade or 'in the mood for a punt' you're asking for trouble.
