Sunday, November 11, 2018

11/11 Update on Japanese Yen Spread Trade

The current spread trade in Japanese Yen ETF FXY will continue into its final week. Stop loss points have been updated. The current trend is still a move down, increasing the intrinsic value of the put option. The call is worthless at this point. The expectation is a test at the $83.50 level with a possibility for a move to $83.00. Any move over $84.00 will likely trigger the stop loss point.

Research on the next trade has been going on....





** 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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