Andrew Keene, of www.keeneonthemarket.com, offers up his Trade Of The Day:
Trade of the Day (FXE) 6.15.2012
Trade of the Day: Buying FXE June 22nd 125-126 Strangle for $1.88
Risk: $188 per 1 lot
Reward: Unlimited
Chart: Bearish overall, picked up a few buyers at the $122 level.
Notes: I am playing movement in the FXE before the Greek elections and since the stock has stagnant lately, it is due for a major rip your face off movement, but I’m not sure in which direction.
Read more about major by www.keeneonthemarket.com
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