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.
The Panthenon Investment Group 