Close of last week's EURUSD Option trade w/ profit.
So, last Friday I posted the purchase of 10 EURUSD put contracts. Expiration, beginning of April @1.1250
The market failed to make a new high, and the volume pressure on the pair was obvious. So much more money put on sell positions. If you were watching the volumes (which you should) the choice would be obvious. The price fall accelerated as the days passed, and finally took a dramatic fall on the 7th of March with 70% of the volume traded at the beginning of the drop. Market fell all the way down to 1,117s which allowed me an easy exit since my strikes were at 1.125. for a 120% profit. Have a great weekend everybody, and lets see what the new week brings us.
The market failed to make a new high, and the volume pressure on the pair was obvious. So much more money put on sell positions. If you were watching the volumes (which you should) the choice would be obvious. The price fall accelerated as the days passed, and finally took a dramatic fall on the 7th of March with 70% of the volume traded at the beginning of the drop. Market fell all the way down to 1,117s which allowed me an easy exit since my strikes were at 1.125. for a 120% profit. Have a great weekend everybody, and lets see what the new week brings us.