Yesterday afternoon, the GBPUSD looked ripe for a long position, given the previous less than positive US news. I was betting on alittle more momentum to come through to the GBP since the low of 1.5880 on Oct 15th.
So I executed a 1 day call option at the strike of 1.600, premium of 48bps and squared the position today at 1.6100 for a trading profit of 52bps.
The Panthenon Investment Group 