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May 18 - 03:55 AM

GBP/USD - Not To Late To Own The Right To Buy GBP/USD At 1.41

By Richard Pace  —  May 18 - 02:28 AM
  • Last week we highlighted cheap leveraged GBP/USD call options nL1N2N10MM

  • Gave holder right to buy GBP/USD at 1.4100 in 1-month, but 1.45 KO trigger

  • Cheaper than outright GBP call, dead if 1.45 touched, suited to grind higher

  • Same option up from 44 pips to 54 pips now, but same principles apply

  • As long as 1.4500 not touched pre expiry, holder owns GBP/USD from 1.4100

  • Break-even 1.4154, only risks initial premium

  • Such options might be preferable to short term cash long with stop



For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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