C.O.B.R.A. Sell Alert: Sell Expiring Japanese Yen Position

Our bullish yen position recovered much lost ground in recent trading sessions, but is fast approaching expiration this Friday, Jan. 21. Our option hit a low of $0.80 on Jan. 4, and has since rebounded to $2.20, which has minimized the loss on this trade. The yen may continue rising, but we are close enough to option expiration tomorrow afternoon that we recommend selling now.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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