I am going long
EURUSD
at 1.1700. This is in line with my latest thinking from Seeking Alpha
. I bought spot versus put options at a 1:2 ratio, respectively. My breakeven point on the options is roughly 1.1600 (along with the loss on the spot move lower). I am going to add in more EURUSD at 1.1600 and then put take profit above at 1.1650 if this hits. Otherwise, I am looking for larger move higher above 1.1700.
EURUSD
at 1.1700. This is in line with my latest thinking from Seeking Alpha . I bought spot versus put options at a 1:2 ratio, respectively. My breakeven point on the options is roughly 1.1600 (along with the loss on the spot move lower). I am going to add in more EURUSD at 1.1600 and then put take profit above at 1.1650 if this hits. Otherwise, I am looking for larger move higher above 1.1700.