Euro Bulls Take Charge: But Are Options Traders Hiding a Secret?
The euro is looking good for bulls right now. It's hit those liquid levels twice now and broken through them. The way it's crossed those levels, №1 and №2, is a sign of growth, at least for the short term.
But I can't do not noticing that the options market is putting in a drop in quotes and buying PUTS out- of- the money in this case.
For instance, on Friday someone bought $2.8 worth of PUTS at strike 1.10. I don't think anyone would throw that much money around without having some sort of prediction in mind.
However, let's not go with the crowd and turn the market upside down. The moment is clearly bullish.
The screenshot shows a bunch of different portfolio options and when they happened. They're all pretty close to the same level, around the yellow line.
https://www.tradingview.com/x/58OXcenl/
But I can't do not noticing that the options market is putting in a drop in quotes and buying PUTS out- of- the money in this case.
For instance, on Friday someone bought $2.8 worth of PUTS at strike 1.10. I don't think anyone would throw that much money around without having some sort of prediction in mind.
However, let's not go with the crowd and turn the market upside down. The moment is clearly bullish.
The screenshot shows a bunch of different portfolio options and when they happened. They're all pretty close to the same level, around the yellow line.
https://www.tradingview.com/x/58OXcenl/
t.me/clashcharts - No VIP/No Signals- Only Rationale Market Ideas and Insiders' Hidden Insights
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