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Kennynah's Options Strategies
Friday, December 12, 2008
FXE - A Gap Up Play
A Short Dec 137/138 Call Spread (with 7 days to expiration)
81% chance of success and a risk/reward of ~ 7 : 1
Taken into consideration is also that 138 has a higher IV than 137...giving an edge in this position
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kennynah
Most of what I blog here about options, are from real trading eperiences and/or simulated trades. They are representations of my experiences and lessons on Options Trading. It's my hope and intention that you can benefit from these materials.
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