@daniel1985 on EURUSD | PriceONN Community
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Anyone else noticing the tight Bollinger Bands on EURUSD? Usually, that means a big move is coming. I'm thinking of setting up a straddle – buying both a call and a put option with the same strike price. That way, I can profit regardless of which direction it breaks out in. Of course, gotta factor in the cost of the options and time decay. What are your thoughts on using options strategies for EURUSD in this situation? Is it too risky given the current volatility?
Replies
@daniel1985 Interesting straddle idea. I've done that before with EURUSD, but the premiums can eat into your profits if the move isn't big enough. Gotta calculate that breakeven carefully.