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FxWirePro: Speculate and hedge USDCHF by buying digital calls, sell OTM puts

Today's positive trade balance numbers and SNB's interest rate & press conference add a booster for swiss francs price jumps.Traders are very keen on these two events as the primary tools the SNB central board uses to co…

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EconoTimes — Reading the Times. Understanding the Future.

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Today's positive trade balance numbers and SNB's interest rate & press conference add a booster for swiss francs price jumps.

Traders are very keen on these two events as the primary tools the SNB central board uses to converse with investors about monetary policy and the economic outlook.

Hence, we expect CHF is to gain versus dollar as the upbeat trade numbers have surprised the forecasts at 3.43billion which is a way beyond from previous 2.66 billion.

On speculating grounds buying At-The-Money binary calls may very well fetch upto 30 pips along with shorting Out-Of-Money put options using +ve theta values.

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