Punt of the Month….

Buy the May Puts In the Aussie Futures..  These expire tomorrow! So you’re either right or wrong.

My options window shows the 102 trading around 11 ticks.. The 101.50 strike app 5 ticks…Not sure if my quotes are correct so call and find out.

This is a “Risk Off Punt” leading off on tomorrow’s #. Each tick is worth 10 dollars.

If the market blows through the level tomorrow you exercise the option/ and you’re short the Aussie.. This gives you a manageable way to play the downside with defined risk