A new spread trade in Japanese Yen ETF FXY has been opened. An April 6th $92 call and an April 6th $90 put were purchased for $0.45. The expectation is that the trade will be sold for at least $1.00. KDK Options has traded the FXY before with mixed results.
Some reasons for the trade are below.
- Market is volatile right now
- New Highs are being reached
- Plenty of economic data will be released between now and then
**
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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
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