Loading ...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.