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Tag Archives: call option

Is the AUDUSD entering a period of softer AUD?

I totally missed this………………SHOOT!

Looking at the Daily chart, I noticed that spot crossed the 200DMA on November 4th at 0.7697.

Does it mean that the AUD is heading for a protracted softening?

I have already bought two call options with breakeven averaging 0.7710………about 130 basis points away right now………….hmmmmm……..will I have a chance in the next three weeks for the AUDUSD to recover?

Let’s see.

14 Nov @ 1 mth AUDUSD call option expiring Friday, December 14th

Saw the low in the AUDUSD this morning and decided to add on to my earlier call option by doing another 1 month call option expiring Friday, December 14th with the following details:-

Strike at Spot: 0.7620

Premium: 72bps

Breakeven: 0.7692

Let’s see.

Nov 1 @ Bought a 1 month AUDUSD Call Option expiring Friday, Dec 8th

I feel that the AUDUSD is somewhat oversold, given the strong economy, strong exports, stable housing, low interest rates, good employment and great weather.

So I decided to buy a one month call option with the following details: –

Strike at Spot: 0.7665

Premium: 70bps

Breakeven: 0.7735

Currently, it is trading at 0.7700

Taking profit on the GBPUSD call options

I saw the GBPUSD peaked at 1.3271, but momentum seemed to wane, so I made a decision to sell the GBPUSD call options.

My breakeven for the two options worked out to 1.3149 and I sold off the options at 1.3268 for a trading profit of 119bps.

I really doubt it will go beyond 1.33.

In any case, it’s important not to ignore a handsome profit when it’s on the table.

GBPUSD Call Options

Last Friday night, I decided to buy two GBPUSD call options because I felt that the GBP was probably hitting a low with the following details: –

GBPUSD Call option expiring Friday, October 27th; spot at 1.3030, premium at 100bps and breakeven at 1.3130.

GBPUSD Call option expiring Friday, November 10th; spot at 1.3030, premium at 138bps and breakeven at 1.3168.

Let’see what happens, spot is currently trading at 1.3134.  Let’s hope May doesn’t derail anything.

 

USDJPY call option expired on July 17th…..worthless

The USDJPY call option expired on July 17th………..worthless.

Premium loss was 0.48yen.

Bought a USDJPY call option expiring Monday, July 17th

Bought a USDJPY call option expiring on Monday, July 17th with the following details: –

Spot: 113.25, Premium: 0.48, Breakeven: 113.73.

Let’s see what happens?!

3 July @ squared USDJPY call option

On July 3rd when USDJPY crossed 113, I decided to take profit on my 1 month USDJPY call option.

The 1 month call option had an expiry date of July 10 and a BE of 110.52.

I squared the option at 113.20 for a whopping trading profit of 2.68 yen!!!

Now to continue monitoring the outstanding 3 month call option expiring in September which is in the money now.

8 June @ Bought USDJPY call options

On June 8, I decided to buy two USDJPY call options; a 1 month and a 3 month with the following details: –

1 month USDJPY call option expiring 10 July

Spot 109.50, Premium 1.02, B/E 110.52

3 month USDJPY call option expiring 8 Sep

Spot 109.50, Premium 1.68, B/E 111.18

I am confident that USDJPY will resume its march back up to 114.

Let’s see.

12 May @ 1 mth AUDUSD Call Option expiring June 12th

Looked at the 1H and 4H AUDUSD charts and felt that the AUDUSD has bottomed and potentially has a chance to move up in the near future.

So decided to buy a 1 month call option with the following details: –

Spot: 0.7340

Premium: 68bps

BE: 0.7408

Expiry: 12 June 2017

Let’s see what happens.