Tatiana Dementieva
Yesterday’s trading session wasn’t a gift for option buyers. Throughout almost the entire day GBPUSD was moving in a narrow range. The news background was almost absent. There re were no external factors to increase the volatility.
Today’s news background is unlikely to make the buyers of option strategies happy as well. Today’s major events are Jean-Claude Trichet and Ben Bernanke’s speeches. There are some other reports that are worth paying attention to: The UK’s Construction PMI, Нalifax НPI and the eurozone’s PPI.
At the moment GPBUSD is being traded between 2 option barriers - 1.5388 and 1.5474. The level of volatility is nearly overheated, That is why buying strategies is rather risky.
Provided by the Department of Options,
Tatiana Dementieva
