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Tag Archives: USDJPY call 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.

When US markets opened, USDJPY looked like it was bottoming out.

USDJPY in the past week created a three leg bottom at around 112.20, does it mean that we can potentially see a short term breakout upwards?

I decided to buy a short dated USDJPY call option expiring on Friday, February 17th with the following details: – Strike at Spot; 112.13, Premium 1.0, Breakeven; 113.13.

Now I have two Long call options on the USDJPY.

Let’s see.

When I saw the yen strengthened so much yesterday, I decided to do the opposite by buying a 1 month call option with the following details:-

Strike at spot; 112.35, Premium; 1.54, Breakeven 113.90, expiring 6 March 2017.

Let’s see