What you can learn from this options trade…
I blew out of the Euro calls to preserve some profit from the trade this
morning as the whippy choppy nature of this market has reemerged and it’s time
to be prudent and leave. The market barely bounced from it’s inflection zone at
122.10 and that is a sign of more pain to come. The position I added into
yesterday, I just took a loss of 45 ticks on the 1/4 position I added in at
122.40 but didn’t add in any more from there. I sold the calls for…READ
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