Australian dollar plunge? A good spot to own Aussie put options?

If our view proves correct, now would be a good time to own Australian dollar put options, as the currency is now testing key support near 0.9330--a break below this level sets up the chance for a quick move down to 0.9200:

This is the type of trade setup we like for trading currency options. Our subscribers own Aussie puts and are well positioned to reap some nice profit if the Aussie plunges.

If you'd like more information on our Currency Options Strategist service, you can find it here

Jack Crooks

President, Black Swan Capital