Successful Trades on July 1, 2013

Trades Placed by optionFair

USD/CAD

Christopher Lewis stated in his analysis of the USD/CAD that, “The market is probably heading to the 1.08 handle first, and then possibly even as high as the 1.10 level.” This indicates an investment opportunity with the instruments: “High”, “Touch” and “No Touch”.

I logged onto OptionFair’s trading platform and traded $1600 using the "High" instrument. This kind of option has a potential return of 81% if the option closes above the target price, which means that if the signal is correct I could get a return of $1296 on my investment.

The market price for USD/CAD at the buying time (09:50) was 1.05044 for the expiry of 10:00. The asset closed on 1.05051 and I made $1296.

EUR/USD

Based on Christopher Lewis analysis of the EUR/USD, “I do expect this pair to continue lower”.That creates an investment opportunity in the following positions: “Low”, “No” and “Touch”.

I logged on to the OptionFair trading platform and traded $1700 using the “Touch” instrument, selecting ‘down’. This kind of option has a potential return of 77% if the option touches the strike price prior to expiry, which means that if the signal is correct, I could get a return of $1309 on my investment.

The market price for the EUR/USD at the buying time (11:18) was 1.30434 and the target price was 1.30425 for the expiry of 11:30. The asset touched my target price at 11:24 and I made $1309.