Fundamentals and technicals was pointing to a resurgence of the GBP, so I decided to buy a one month call option expiring Oct 15th struck at 1.6160, premium of 118bps, a breakeven of 1.6278.
I squared the position on October 19th at about 5:40pm at 1.6485 for a whopping 2o7bps trading profit.
Ladies and Gentlemen………….this was a super yummy trade!!!!!!
The Panthenon Investment Group 