OPENING: FXE APRIL 27TH 118 SHORT/JUNE 15TH 120 LONG PUT

Updated
... for a 1.35/contract debit.

I seem to be taking quite a few directional shots lately. Here's a neutral to bearish one in the Euro proxy (FXE) where I paid 1.35 for a two-wide (67.5% the width of the spread).

Trade closed manually
Covering today for 1.62/contract credit. 1.62 - 1.35 = .27/contract profit (20% ROC).
Beyond Technical AnalysisFXEoptionsstrategiesputdiagonal

Disclaimer