You know the classic story when they say buy on rumors and sell on fact.
Well, I felt that the GBPUSD kind of overshot, so I decided to gamble alittle by buying a small position by way of a put option for one day expiring on Friday, Nov 3rd with the following details: –
Strike at Spot: 1.3290
Premium: 55bps
Breakeven: 1.3235
Let’s see.