Trade Idea: Buy Six Month EUR calls Stike @ 1.1800
This trade is probably early and there may well be better spot levels to execute, but we now believe there are strong reasons to believe that the Dollar is forming a secular bottom and will likely depreciate into 2019.
Six Month Expiry 2019-05-29
The is the trade we would like to put on based on a spot of 1.1340
Buy 6-Month 1.18 EUR Call
Spot 1.1340
Strikes
1.1800
34 Delta
Cost in % of EUR 1.10 or 93 EUR tics B/E at expiration is 1.1893