Stock / Symbol: [private_monthly]CurrencyShares Euro Trust / FXE[/private_monthly]
Price at trade post: $144.58
Option Strategy: put spread
Reasoning: We think the EURO is set to pull back over the next week. Our price target by June expiration is 142. We're risking less than 2% of our portfolio on this trade as the trade has only a 47% probability of success.
Max Risk: $144
Max Reward: $156 or 108% by Jun 17th
Profit Range: $0 - $144.45
Max Profit at: $0 - $144
Trade Details:
[private_monthly]
Buy 3 FXE Jun11 145 Puts
Sell -3 FXE Jun11 144 Puts
for a net debit of $0.48 per contract
Requirements:
Cost/Proceeds $144.00
Option Requirement $0.00
Total Requirements $144.00
Estimated Commission $12.95
[/private_monthly]
Non-members, click here for access
Speak Your Mind