• alan brazil

(Close) Macro Theme Japan: Trade 1 Restrike and Buy 6-month 17000/19000 Call Spr

I recommended opening this trade as restriking of an earlier trade in sept 8, 2016. Then I recommend buying the 17000/19000 call spread for March 2016 expiration for 6.5pts USD, with the yen at 102.2 and Nikkei at 17000. I am closing this trade given the rally in the underlying at 15.5 pts USD with the yen at 114.5. The net payout is 140% for this particularly version. The combined trade with the first call spread returned 380% net, versus investment.

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