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Tag Archives: GBPUSD put option

As it turned out, the GBPUSD went to the moon after I bought the put option whereas my decision on the USDJPY call option turned out to be a BIG reward.

On May 9th, the USDJPY hit a high of 114.23 and I felt that there could be more momentum and I decided not to close the position. A few days later, our dear Trump started shooting his mouth off, the USDJPY came off slightly.

Another opportunity to take profit presented itself on May 11th when it recovered and was up to 114.32, I decided to take profit and sold the option at 114.29 for a nice trading profit of 4 BIG yen!

The GBPUSD put option on the other hand never saw daylight but the comforting fact is that I was prepared to lose the premium of 129bps to begin with.

So net net, we did well.