Market Curiosity: Exploring Markets And Systems

July 22, 2013

FXA – Sell put + 82% (update 1, Sep 20)

Filed under: +76 to +100%, Short Puts — Tags: — Jeff Fitzmyers @ 7:28 am

Sell SEP 90 put for $85.
Buy AUG 88 put for $15, just in case.

+ Commercials are record net long. Doesn’t mean price can’t go lower, but it’s low probability, and significant downside should be limited.

AUD COT weekly july 22 2013

FXA daily july 21 2013

Update September 20:
+ 82% Won’t be adding a protective put in the future. Should have sold it near the initial low, though.

FXA daily sep 202013

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