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Monthly Archives: April 2018

27 April; Take profit on AUDUSD and USDJPY options…………

This morning Asia time I decided to take profit on both the options with the following details: –

AUDUSD; sold at 0.7550, locking in a trading profit of 122bps.

USDJPY; sold at 109.20, lock in a trading profit of 0.76yen.

Not bad for a short trade!

Let’s see if we can identify another trade in the near future.

23 April @ bought two week USDJPY call option expiring on May 4th

Uncertainty looming over the trade talks between Abe and Trump during Abe’s visit to the USA, Abe’s sliding popularity vote, Abe’s scandal, and the US 10 yield rising above 3%, all prompted me to feel that the yen will weaken in the near term.

So I decided to execute a 2 week call option, maturing on May 4th with the following details: –

Strike; 108.04, Premium; 0.40, Breakeven; 108.44

Let’s see.

20 April @ 2 week AUDUSD put option expiring on May 4th

On April 20th, I felt that the AUDUSD was peakish from a technical viewpoint.  More importantly, was the recent media releases about the health of the banks and the fact that the property market in Australia is starting to slide.

I decided to take the opportunity to do a 2 week put option expiring on May 4th with the following details: –

Strike; 0.7722, Premium; 50bps, Breakeven; 0.7672

Let’s see.