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Using EFT's to leverage currency

Wilko121 · 2015-07-19 03:33:27

Hey everyone, Im currenty living in Australia I was looking at sending some cash back to ireland but the exchange rate is not great right now. I have been studying option trading for a time and I was thinking of a trade strategy where I could short the aud/euro possible through EFT's. Something like a bearish debit spread?…

19-07-2015 3:33am

#1

Wilko121

Registered Users, Registered Users 2 Posts: 183 ✭✭

Join Date: November 2008

Posts: 105

Hey everyone,

Im currenty living in Australia I was looking at sending some cash back to ireland but the exchange rate is not great right now.

I have been studying option trading for a time and I was thinking of a trade strategy where I could short the aud/euro possible through EFT's.

Something like a bearish debit spread? or condor?

Trying to create a win win type strategy, so if the eft trades neutral or decreases the option will have paid out. If the eft increases in value and the option is worthless I can simply offset any losses by transferring cash from my aus account to irish.

Anyone have any experience here?

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