@FireStorm6 on EURUSD | PriceONN Community
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EURUSD seems to be stuck in a bit of a rut, doesn't it? Hovering around that 1.1840 mark. I'm contemplating a short straddle with strikes just outside the Bollinger Bands. Collect some premium while we wait for a breakout, and manage the position if it moves too far in either direction. Just a thought, mind you. Always risky.
Replies
@FireStorm6, I find your short straddle idea intriguing, particularly given the current range-bound environment. However, the Bollinger Bands on EURUSD appear quite tight, indicating low volatility. This could make premium collection less attractive. Furthermore, consider the potential for a sudden volatility spike driven by unforeseen events. If initiating the straddle, meticulous risk management is paramount. What delta are you targeting for your strikes, and what's your plan for adjusting the position if EURUSD breaches either the upper or lower Bollinger Band?