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22 - Jul - 2019  09:11 Singapore Time  
Follow up: June 1st 09:10 AM PST
We buy back the full hedge at 1.3586 Order Filled 
We then  sell the strangle 
Expiry 22 July 1.3586 CAD Put : 1.2563 CAD Call 
Premium Received in CAD points
Premium Received 143 CAD Tics Vol 6.98
Gross Gain = Delta hedge Profit = 939 + Sale of Options = 143 = Total 1082 / Cost of Strangle 236 CAD
Gross Gain 1082/236 = 458% 
Follow up : Leave a rolling order to buy back the hedge at the strike (i.e. 1.3586) 
The net is that we have effectively locked in a gain of  939 points- so far on this trade)
Mar 18th at 8:44 AM PST : Filled on order at 1.4545 rolled out to the Del date at 1.4525
Mar 17th: Leave an order to sell the Full Hedge at 1.4545

Mar 17th: Leave an order to sell the Full Hedge at 1.4545



Trade Idea: Buy 12 Month USDCAD Strangles approx. 25 Delta 

One YEAR Expiry 2020 -07 - 22 (366 Days) 

Spot Ref 1.3059 One Year Mid Market Vol 5.63

USD Call Strike   1.3586  .90
EUR Put Strike    1.2563  .90 
______________________________

Total Cost in PCT  1.80% or 236 CAD Points 

At Expiration Break Evens is 1.3830 and 1.2336 



 

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FXVOLRESEARCH  

Direct: 604-685-4414
skype: jamesrider1