BUY Conviction3/5 Analysis quality70/100 now
The YouTuber recommends a call spread strategy on FXA to benefit from the potential strengthening of the Australian Dollar against a weakening US dollar. He emphasizes that options strategies can yield significant returns even if the underlying currency trust has limited absolute movement.
“I would instead use that same call spread strategy you we used with the udn for example buying the September $60 calls on the Yen trust for $155 and then selling the same number of $61 calls for $115 each means a cost basis of 40 cents each a potential 150% return if the trust finishes above $61 by expiration.”