Video

#SaxoStrats
Today's edition of the Saxo Morning Call features the SaxoStrats team discussing the continuing weakness of the US dollar as commodity prices recover ground and in the wake of key US equity indices hitting all-time highs Thursday.
Short term
/
Buy
Trade view / 10 July 2017 at 9:35 GMT

UPDATE: Straddling Bank of America ahead of earnings — #SaxoStrats

Product Manager, Options Trader, Educator
Denmark
Price target: 24.30
Market price: 24.83
 
For the trade initiated on June 26, Buy +1 straddle BAC 100 21 July 17 23 CALL/PUT at 1.20, we are closing this straddle today at the open. 

The financial sector has rallied some 3.7% over the last month and that's helped shares of BAC move by 8%. Volatility has not risen as much as we anticipated. Nevertheless as of Friday's close the straddle could be closed for $1.94, or 61% ROR. 

















Source: Saxo Bank

— Edited by Michael Mckenna

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2y
ashrafj1 ashrafj1
great Job Georgio

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