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Daily Archives: May 16th, 2017

The straddle that was executed was triggered on the offered side and it almost got triggered on the bid side as well, thankfully.

However, the CPI, RPI and PPI data was mixed including the trade balance and the GBPUSD reflected it with a lack of momentum on the downside.

I decided to take profit at 1.2875 for a trading profit of 33bps.

UK usually is sensitive to this data as it is largely a services and consumption economy.

I decided to place a straddle with the following details: –

Spot: 1.2938

Stop if Bid: 1.2968

Stop if Offered: 1.2908

Let’s see.

Looked at the 1H and 4H AUDUSD charts and felt that the AUDUSD has bottomed and potentially has a chance to move up in the near future.

So decided to buy a 1 month call option with the following details: –

Spot: 0.7340

Premium: 68bps

BE: 0.7408

Expiry: 12 June 2017

Let’s see what happens.