FxWirePro: GBP/USD option strips serving better - delta call yet to function

Cable is currently trading at spot 1.5275, we suggested this strategy on 28th of last month and we are still eying upon strip straddle because speculating opportunities lingering as the pair has been oscillating on either direction since last May but for now it may show a little recovery from current positions so that our ATM delta call should be ready to function.

Option Strip Straddle:

Buy to open 1 contract of 7D ATM (strike 1.5280) 0.50 delta call at $726.67

Buy to open 2 contracts of ATM (strike 1.5280) -0.49 delta put at $733.00.

Net Debit = $2192.67
Overall Delta = -0.49
Maximum Profit = Unlimited
Profit = GBPUSD FX spot - Strike Price of Calls - Net Premium Paid OR 2 x (Strike Price of Puts - GBPUSD FX spot) - Net Premium Paid.

Thereby, we conclude stating since downside pressure is intensifying, more profitability on strips strategy has already been evidenced, Now is the time for our call to begin functioning as there is little recovery is possible. So for those who've missed can still accumulate these positions to add into their portfolios as there is call functioning is likely event.