Top trade idea for May 27th, 2016 – NZD/JPY
By Michael McCarthy of CMC markets
As a floor trader and market-maker in share options I used to cover 5 stocks actively, and kept an eye on another dozen or so. I was always on the look-out for a free bet – a trade that cost nothing or close to nothing, that had significant upside. In principal, I still look for “free” risk. One way of finding lower cost positions, and potential free bets, is taking a trade ahead of an event – against consensus.
For Article with Full Trade Set-up Click Here.
By Michael McCarthy of CMC markets
As a floor trader and market-maker in share options I used to cover 5 stocks actively, and kept an eye on another dozen or so. I was always on the look-out for a free bet – a trade that cost nothing or close to nothing, that had significant upside. In principal, I still look for “free” risk. One way of finding lower cost positions, and potential free bets, is taking a trade ahead of an event – against consensus.
For Article with Full Trade Set-up Click Here.