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Daily Archives: July 13th, 2017

Felt that AUDUSD was getting too high and at levels where it should not be, so I decided to buy a put option for 1 week expiring Friday, July 21st with the following details: –

Spot: 0.7730, Premium: 35bps, Breakeven: 0.7695.

Let’s see.

This particular call has turned out to be wrong and it looks like I will be taking a loss of 50bps as there will be no way that EURUSD will fall below 1.1270 within the next 3 days.

Oh well, you win some, and you lose some, that is FX trading for all of us.

Was following the Yellen speech last night and wasn’t convinced that it was a bullish speech, so I decided to sell the option last night at 1.1400 for a small trading profit of 49bps.