A new straddle trade in the Canadian Dollar (symbol FXC) has been made. A $81.00 call option and $79.00 put option has been purchased. Both options expire on Feb 16th. The expectation is that the trade will reach $1.50. A stop loss price has been set. Some reasons for the trade are below:
- State of the Union tonight
- Recent Volatility in Currencies
- Oil Prices rising
- Fed meeting this week
- Price at resistance level ($80.00) for over a week
**
This blog is used for informational purposes only. It should not be
used as a recommendation to buy or sell any security. Do your own due
diligence before trading or investing. If you would like up to the
moment communication on KDK Options trades, email at
kdkoptions@gmail.com **
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