Euro Futures Options Idea (18 Jan 2024)

43 sec read

[ Euro Futures Options Idea ] ‣ As traders pare back their US interest rate cut expectations, the Euro/USD futures (/6E) sunk to the bottom of its three-month-old price channel. The scenario described in last week’s post has now unfolded completely: ‣ The /6E could hold support around 1.090 in the near-term, possibly bouncing back up to 1.100. However, /6E will likely remain rangebound between 1.070 and 1.115 over the coming weeks. ‣ The /6E’s steep fall has resulted in elevated volatility in the past two trading sessions, offering an opportunity to implement a short strangle strategy on the options of…...

This article is free to read

Login to read the full article


By subscribing to our main site, you will also be subscribed to DDIntel - our regular letter showcasing our featured articles and applications.

Roaring Options Market commentary and trade ideas for US stocks, bonds, commodities and FX.
desmondchew An avid market watcher with keen interests in investing, employing strategies particularly of a contrarian bent.