Monday, 24 March 2014

Long Weekly EURUSD Put Option

This morning I had itchy fingers and really wanted to get into a trade even though I've done my best to minimize my FX trading.

Hence I found a great way to gain far more upside with little outlay.

I bought a weekly EURUSD Put Option with a strike of 1.3650. It's currently price of 1.3768 is still quite far away from being ITM (In-The-Money), but for $11, this is a cheap little wager that can last me half hte week at least.

Let's see how the trade goes.

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