Tuesday, June 1, 2010

BNN: Eurozone May Collapse; Profit From the Euro Bouncing Up, or Crashing Further

The Euro seems to be bouncing up here and is due to go back to the 50DMA. BNN in Canada just reported that the entire Eurozone may not last.

What's an investor to do?

That is why we use straddles, whcih have been so wildly profitable. Below are straddles for FXE for June. Computed with StraddlesCalc Tool, which indicates that a move of about 3% will make the position profitable.

Please do your own due diligence. This is not advice. Options are very dangerous and may cause 100% loss.

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