Trade of the Day: Buying FXE June 22nd 125-126 Strangle for $1.88
Risk: $188 per 1 lot
Reward: Unlimited
Chart: Bearish overall, picked up a few buyers at the $122 level.
Notes: I am playing movement in the FXE before the Greek elections and since the stock has stagnant lately, it is due for a major rip your face off movement, but I’m not sure in which direction.
UPDATE 6.27.2012 Thankfully I managed this trade will and got out of it for $1.20. Moving to the next trade.