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.
