During lunch today when EURUSD was hoving dangerously near the 1.1500 level, I decided to buy a put option expiring on Monday, July 17th with the following details: –
Spot: 1.1485, Premium: 36bps, Breakeven: 1.1449
Right now at 9:54pm Singapore time, EURUSD has broken through the 1H 50DMA and 200DMA.
Let’s see what happens when Janet Yellen speaks shortly.
