Unprofitable: I lose money on this trade if FXE closes above $125.25 June 15, 2012. The most I can lose on this trade is the amount the Spread can be worth $1 minus the price I sold it for $.25 for a total of $.75.
Reason I Like This Trade: I like to sell premium on the weekly options and I will sell the Euro and FXE on any rally. The best part of this trade that I do not lose money until this Stock .8% to the upside. So, I can make money on the trade, if the stock is flat, down, or even higher.
UPDATE 6.13.2012 The FXE is rallying above $125, but I still think it is a sale on any rally. This Spread is currently only worth $.45, but if it expired right now it would only be worth $.30. I will leave this trade on until Friday.
UPDATE 6.27.2012 This Spread expired worth $.60 and I took this trade off and moving on to the next trade.
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