OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Samb, how’s this for luck

Posted by redneckokie1 @ 21:16 on November 6, 2014  

Last week I sold at the money calls in the Aussie $ and Canadian $. I bought twice the number of out of the money calls with the short proceeds. The moving averages turned up and I was counting my chickens. Then the fed opened their mouth and the Japanese announced their own qe . It appears all the options will expire worthless so I will break even. It appeared that they might expire at the upper strike price which would have bestowed the max loss on me.

sometimes a move against your position isn’t so bad.

 

 

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.