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22 May @ Put Option on USDJPY expiring 10 August 2018

I decided yesterday to buy a put option on the USDJPY with the following details: –

Strike: 111.13

Premium: 1.91

Breakeven: 109.22

Expiry: 10 August 2018

Felt that the USDJPY was overbought and that a retracement was due, more importantly, the 10 year treasury also signalled a possible retracement since it has a positive correlation with the USD.

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