FXE - Euro/USD (Short)Short the Euro here via FXE. The chart of FXE is not exactly the same as /6E, but it is generally tracking it. I'm starting to build an Euro short here.
Bought Mar15 '19 111 puts for $2.13 db. Stop and targets are on chart.
Optionstrategy
MCD - McDonaldsMCD has sold off quite a bit here in the last few months and is hovering above this longer term support level. I decided to go with a asymmetrical set up using a call spread for this play.
+1 Dec21 155/170 call spread for $5.38 db.
Risk: Try to let price action stop me out at the project stop or manage near a 50% loser to keep the risk small.
Profit: Target hit (initially)
(Hedge) IWM - Russell 2000Markets are near ATHs and showing some weakness, so I'm just applying some hedges in case.
Bought +1 Aug31 165.5/168.5 put spread for $1.03
Risk: $1.03
Profit: $197 (potential)
EEM - Emerging MarketsEM are big right now, so is the IV behind them.
Sold -1 Oct19 $43 put for $1.32
Risk: 2x cr received or possibly continue to roll out if the allocation deems worth it.
Profit: 50% cr received or roll up as EM recover. EEM has proven to shrink back down to low IV quickly, so that might not be the best play.
TUR - TurkeyEveryone's aware of the crisis in Turkey, I'm just here to play it.
Sold -1 Sep21 19/22 Big lizard for $3.06 cr.
Risk: 1x cr received
Profit: 25-30% of cr received
Breakevens: $15.94 to the downside, no upside risk.
XOM - ExxonExxon has been beaten up here, offering a decent R:R.
+2 Jan18 $80/90 call spread for $2.86 db/contract.
Risk: ~50% db loss
Profit: $89 price target (initially)
XLK - TechnologySome Iv hiding out in the Tech sector due to the middle of the earnings season.
Sold -1 Sep21 70/73 strangle for $2.43 cr.
Risk: 2x cr received to upside, possibly continue to roll put to the downside.
Profit: 50% cr received or manual close on some quick profits (IV collapse due to earnings?)
