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Thursday, May 2, 2013

2 May 2013 - EUR puts

Picked up some 19th Jun 1.28 EUR puts for 38 pips after the ECB rate came out. The market's moved nicely in my direction since then but regardless of the short term action I like the trade as I think EUR continues to come under carry-based selling pressure over the month ahead.

On that theme I'm considering ideas such as shorting EUR vs AUD and TRY and other high yielders.

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