New Positions:
SLD 2 NOV15 0.00985 Put Fut. Option (6J3) 0.0000080
SLD 2 NOV15 0.01055 Call Fut. Option (6J3) 0.0000120
Existing Positions:
SLD 2 NOV08 0.0098 Put Fut. Option (6J) 0.0000120
SLD 2 NOV08 0.01055 Call Fut. Option (6J) 0.0000130
SLD 2 OCT18 0.01 Put Fut. Option (6J3) 0.0000080 [EXPIRED OTM]
SLD 2 OCT18 0.0104 Call Fut. Option (6J3) 0.0000060 [EXPIRED OTM]
Position Summary:
My existing OCT18 options expire OTM, and my NOV08 options are now trading cheaper, time value (theta) has been eroding away and the USD/JPY pair really hasn’t gone anywhere in terms of direction the past week.
My new position is almost a carbon copy of the of the NOV08 trade, however I had to go with the 985s instead of the 980s because volatility is now lower (US debt ceiling temporarily solved and the government reopened) and I didn’t want to sacrifice for a much lower premium intake – so I do take on a “little more” risk to the top-side.
However, to make that top-side risk applicable it does involve passing the elusive and psychological 100 level, something this pair does not seem very interested in – though I will admit when things look like they will not get done, that’s exactly when things do get done!
In any case, scheduled events say 101+ in USD/JPY is not something we will be seeing before the middle of November.
SLD 2 NOV15 0.00985 Put Fut. Option (6J3) 0.0000080
SLD 2 NOV15 0.01055 Call Fut. Option (6J3) 0.0000120
Existing Positions:
SLD 2 NOV08 0.0098 Put Fut. Option (6J) 0.0000120
SLD 2 NOV08 0.01055 Call Fut. Option (6J) 0.0000130
SLD 2 OCT18 0.01 Put Fut. Option (6J3) 0.0000080 [EXPIRED OTM]
SLD 2 OCT18 0.0104 Call Fut. Option (6J3) 0.0000060 [EXPIRED OTM]
Position Summary:
My existing OCT18 options expire OTM, and my NOV08 options are now trading cheaper, time value (theta) has been eroding away and the USD/JPY pair really hasn’t gone anywhere in terms of direction the past week.
My new position is almost a carbon copy of the of the NOV08 trade, however I had to go with the 985s instead of the 980s because volatility is now lower (US debt ceiling temporarily solved and the government reopened) and I didn’t want to sacrifice for a much lower premium intake – so I do take on a “little more” risk to the top-side.
However, to make that top-side risk applicable it does involve passing the elusive and psychological 100 level, something this pair does not seem very interested in – though I will admit when things look like they will not get done, that’s exactly when things do get done!
In any case, scheduled events say 101+ in USD/JPY is not something we will be seeing before the middle of November.
