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Bought the 4th GBPUSD Put Option expiring Oct 6th

The GBPUSD is going crazy, it’s now at 1.3530!!!!!!!!!!!!

I don’t believe in the strength of the GBPUSD, so I am buying another GBPUSD put option with the following details:-

Expiry date: Friday, Oct 6th

Strike at spot: 1.3530

Premium: 110bps

Breakeven: 1.3420

My average breakeven for 4 put options is now: 1.3260.

Let’s see!!!!

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