Idea is simple:
1. Wait for market to recover to 1.7116 - 23
2. Buy September Put Options with a strike of 1.70 (personal preference)
3. Wait
Rules:
1. If market proceeds to make a new high above the 1.7190 High on the 15th of July.... Close position.
Why am I using options?:
1. Risk is fixed.
2. Greater leverage because we are expecting a SHARP selloff from this set up, not simply a drift.
1. Wait for market to recover to 1.7116 - 23
2. Buy September Put Options with a strike of 1.70 (personal preference)
3. Wait
Rules:
1. If market proceeds to make a new high above the 1.7190 High on the 15th of July.... Close position.
Why am I using options?:
1. Risk is fixed.
2. Greater leverage because we are expecting a SHARP selloff from this set up, not simply a drift.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.