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24 July @ AUDUSD Call Option expiring 28 August

After the AUDUSD went down again below 0.7300, I felt that there might be a short term retracement, so I decided to buy a one month call option expiring 28 August with the following details: –

Spot: 0.7275

Strike: 0.7300

Premium: 100bps

Breakeven: 0.7375

Let’s see what happens

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