FXE – Option Trade

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FXE – Option Trade

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FXE – Guggenheim CurrencyShares Euro Trust

Rating: Strong SellBear Leading Diagonal

Target: $98-84

Option Trade: Long Put

Expiration: 29 MAR 19
Strike: 107.5
Mark: .85
Entry: .75
Type: Put

Trade Goal: Double+

Trade Structure:

Sell 1/2 @ 2.00

Sell 1/2 @ >2.00

Maximum risk: $850 at a price of $107.50 at expiry

Maximum return: $106650 at a price of $0.05 at expiry

Breakeven at expiry: $106.65

Catalyst: Wave 5 (down) & Brexit

Will update.

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-The Humble Watcher

By |2019-02-13T12:45:39+00:00February 12th, 2019|Categories: Analysis, Currency, Option Trade|Tags: , , |0 Comments

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