BUYING PUT OPTIONS WITH END OF DAY EXPIRATION DATE Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Jan 6, 2014 2:28 PM

Common flat in the makings for the usdjpy pair and in such a pattern the b wave should be the most time consuming, so this move to the upside is a fake one. Therefore, buying put options with end of day expiration date to test this scenario.