FXE a better long here?
Wendell was asking yesterday if this is the best place to do an iron condor.
My reply was "I see a strong support around $102.79. If one was already IN a bear call spread, yes, one could leg into the bull put spread creating the condor. Otherwise, I would prob keep an eye on a long here."
Caryn S mentions she would look for a strangle "Buy near term Puts buy longer term calls" here because the US Dollar could go up due to FOMC (dollar going up would cause FXE to go down)
My reply was "I see a strong support around $102.79. If one was already IN a bear call spread, yes, one could leg into the bull put spread creating the condor. Otherwise, I would prob keep an eye on a long here."
Caryn S mentions she would look for a strangle "Buy near term Puts buy longer term calls" here because the US Dollar could go up due to FOMC (dollar going up would cause FXE to go down)
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