Spain is taking its time asking for a bailout, and this strategist has a way to trade the stalling.
If you think Spain is dragging its heels on requesting a bailout , plenty of experts say you're right - that it's just a matter of time.
Still, Marc Chandler, chief currency strategist at Brown Brothers Harriman, isn't holding his breath.
"I think it is not going to be this weekend at the summit" of European Union leaders, he told CNBC. Chandler thinks Spain may not ask for help until November, and even then they may request something less than Greece or Portugal did.
All the waiting is keeping the euro locked in a tight range, but Chandler thinks he knows where it's headed next.