{"id":1864971,"date":"2013-11-12T20:17:45","date_gmt":"2013-11-12T14:47:45","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=1864971"},"modified":"2013-11-12T20:17:45","modified_gmt":"2013-11-12T14:47:45","slug":"usdinr-63-565-bull-spread","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2013\/11\/12\/usdinr-63-565-bull-spread\/","title":{"rendered":"USDINR 63.5\/65 Bull Spread"},"content":{"rendered":"<p>We entered a USDINR 63.5\/65 Bull Spread today. Basically you buy the ITM call and sell the OTM strike &#8211; cheaper than buying a call outright.<\/p>\n<p>The trade has a max payoff of Rs. 955 and costs around Rs. 565 to put on. Here&#8217;s how the pay-off looks like:<\/p>\n<p><a href=\"http:\/\/stockviz.biz\/tag\/USDINR\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1865191\" alt=\"USDINR bull spread payoff\" src=\"http:\/\/portalvhds29z8xdrqhczq.blob.core.windows.net\/wordpress\/2013\/11\/USDINR-bull-spread.png\" width=\"640\" height=\"480\" srcset=\"https:\/\/portalvhds29z8xdrqhczq.blob.core.windows.net\/wordpress\/2013\/11\/USDINR-bull-spread.png 640w, https:\/\/portalvhds29z8xdrqhczq.blob.core.windows.net\/wordpress\/2013\/11\/USDINR-bull-spread-300x225.png 300w, https:\/\/portalvhds29z8xdrqhczq.blob.core.windows.net\/wordpress\/2013\/11\/USDINR-bull-spread-400x300.png 400w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><\/p>\n<p>The break-even is around 64 &#8211; basically the Rupee has to trade above that. But since we sold the 65 call, our returns are capped if the Rupee depreciates below 65 anytime soon. Novembers were last trading at 64.02 (<strong>+0.34<\/strong>)<\/p>\n<p><a href=\"http:\/\/stockviz.biz\/tag\/USDINR\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1865221\" alt=\"USDINR technical chart\" src=\"http:\/\/portalvhds29z8xdrqhczq.blob.core.windows.net\/wordpress\/2013\/11\/USDINR.png\" width=\"745\" height=\"700\" srcset=\"https:\/\/portalvhds29z8xdrqhczq.blob.core.windows.net\/wordpress\/2013\/11\/USDINR.png 745w, https:\/\/portalvhds29z8xdrqhczq.blob.core.windows.net\/wordpress\/2013\/11\/USDINR-300x281.png 300w, https:\/\/portalvhds29z8xdrqhczq.blob.core.windows.net\/wordpress\/2013\/11\/USDINR-319x300.png 319w\" sizes=\"auto, (max-width: 745px) 100vw, 745px\" \/><\/a><\/p>\n<p>We had discussed a USDINR Condor <a title=\"USDINR Long Call Condor \" href=\"http:\/\/stockviz.biz\/index.php\/2013\/09\/24\/usdinr-does-a-long-call-condor-make-sense\/\" target=\"_blank\">before<\/a> where we were betting on range-bound behavior&#8230; and it didn&#8217;t quite <a title=\"USDINR Long Call Condor #fail\" href=\"http:\/\/stockviz.biz\/index.php\/2013\/10\/27\/usdinr-long-call-condor-fail\/\" target=\"_blank\">end well<\/a>. Hopefully the setup works better this time&#8230; fingers crossed!<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We entered a USDINR 63.5\/65 Bull Spread today. Basically you buy the ITM call and sell the OTM strike &#8211; cheaper than buying a call outright. The trade has a max payoff of Rs. 955 and costs around Rs. 565 to put on. Here&#8217;s how the pay-off looks like: The break-even is around 64 &#8211; &hellip; <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[2721],"class_list":["post-1864971","post","type-post","status-publish","format-standard","hentry","category-your-money","tag-usdinr","entry"],"_links":{"self":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/1864971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/comments?post=1864971"}],"version-history":[{"count":0,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/1864971\/revisions"}],"wp:attachment":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/media?parent=1864971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/categories?post=1864971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/tags?post=1864971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}