Trade Idea: FXY December 16th 2 x 67/December 16th 72 Call Ratio
With the yen at multi-year lows, looking to take a bullish assumption directional shot with plenty of time to work out in the Yen proxy, FXY.
The basic setup is to buy 2 x the 75 delta strikes and sell the 50's, resulting in a ~100 net delta long setup with a hypothetically infinite maximum profit.
Currently, the setup is pricing out at 9.90 with a 71.95 break even, which is slightly above where the underlying is trading pre-market. Will post if I get filled.
The basic setup is to buy 2 x the 75 delta strikes and sell the 50's, resulting in a ~100 net delta long setup with a hypothetically infinite maximum profit.
Currently, the setup is pricing out at 9.90 with a 71.95 break even, which is slightly above where the underlying is trading pre-market. Will post if I get filled.
Dagangan aktif
Well, not the most liquid thing in the world. Had to penny up "a few times" to get a fill. 9.65 (.10 off the mid price) with a 71.83 break even.Nota
As is the usual with these, I don't have a predetermined TP, but am eyeing that 2015 low at 78-ish as a potential level to consider. I generally start to look to take profit at 120% of what I put the trade on for, which in this case would be 11.58 (1.93/$193) profit. That would be a move to 74 or so.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.