The Euro have been on a tear and is due a correction. However I think it will be slowly and gradually start a new range, giving us time to take profit of a volatility contraction.
With 50 days to go I am selling a strangle of the DEC17 Euro Future Symbol /6EZ7. I am giving me some more space to the downside skewing the Strangle a little bit down to around the 20 delta and around the 35 delta to the upside.
The trade:
Sell 1.155 Put Sell 1.195 Call Max win $1,625 Expiration date 10/7/2017