Tuesday, June 23, 2015

FXE - Broken Wing Butterfly (Jul 10')

Jun 23

Analysis

FXE dropped 1.79 on the open. Purchased this BWB as a part hedge to the 1pt wide FXE iron condor which is now below the 110 short put strike.

Trade

Buy Jul 10' 109 - 107.5 - 102 butterfly for 0.01/c


-End


Jul 6

Analysis

FXE is moving down under pressure from the turmoil in the EU. The BWB spread is starting to open up this week going into expiration. 

FXE closed at 108.51 and has 4 days to expiration. FXE IVR is high at (84)




Trades

No trades today, but I am getting ready to close this week, and will probably structure another BWB to take advantage of the high volatility and the continued slow downward move.

-End

Jul 9

Trades
GTC order closed the position. Sold BWB for 0.55

-End


No comments :