ACE JPY-USD - August 05, 2019

Below is an illustration trading futures options on JPY-USD.  Our post shows bullish and bearish positions using a combination of call and put options.

Trade Options on Futures

Corn * Directional & Neutral Positions

Get your copy of Paul Forchione's book, "Trading Calendar Spreads" or "Strangle Swaps".  Learn techniques from a professional options trader to manage risk while speculating on futures markets.

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Volatility Curve & Skew
6J volcurve skew


Options fall into the category of being slightly undervalued in non-volatile markets in the weekly options report. 
Ask about the Weekly Option's Report for more information or watch our video

6j vol


Contract Size - 12,500,000 Japanese Yen

Tick Size:  Outrights: .0000005 USD per JPY increments (6.25 USD)

Trading Hours: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT).

* Tip: Click here to read a helpful tip about JPY futures and options

JPY-USD Charts

6J month

6J weekly

6J daily

6J 4hr

* Tip: Click here on enlarging images


Below is a broken wing butterfly with bias to the upside. The position will benefit if the yen continues a slight trend higher and implied volatility were to drop slightly reverting towards historic levels.

The % yield shown in the diagrams below represent an estimated return on margin from projected dates shown below.

6J Fly post

Below is an illustration of the position with a -1% drop in implied volatility.

6J Fly post iv minus 1

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We look forward to answering your questions and helping you get started