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What you can learn from this options trade...

By John Netto | TradingMarkets.com
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I blew out of the Euro calls to preserve some profit from the trade this morning as the whippy choppy nature of this market has reemerged and it's time to be prudent and leave. The market barely bounced from it's inflection zone at 122.10 and that is a sign of more pain to come. The position I added into yesterday, I just took a loss of 45 ticks on the 1/4 position I added in at 122.40 but didn't add in any more from there. I sold the calls for...READ MORE
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