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This message is for members of The Options Oracle Trade Advisory Service
If you have any questions pertaining to the alert that went out on March 7th, 2009, please post them to this section so I will be able to help you.
Thanks,
AJ Monte CMT
Chief Market Strategist
The Market Guys, Inc.
This entry was posted on Saturday, March 7th, 2009 at 8:25 pm. It is filed under Oracles, Q&A and has been tagged under AJ Monte, investing, money, options, stock market, stocks, the market guys, The Options Oracle, trading. You can follow any responses to this entry through the RSS 2.0 feed.
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One Response to “The Options Oracle Trade Alert 030709”
As a foreign trader, i was wondering what your thoughts are on the role of currency risk considering some of the option positions that you have recommended recently.
My local currency, Pounds Sterling, has been badly beaten up against the dollar in the last 6 months. It has devalued about 30% in the last 8 months. Some of the strategies such as Golden buywrite aim to return about 30% in 1 year. Whilst this is an excellent return, the weakness of the Pound/strength of the Dollar leaves me uneasy about these longer term trades, particularly as one of your recommendations is a bearish dollar trade.
Are there strategies which are more suitable to foreign traders than others or is my concern unwarranted?
Many thanks
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