Quote Originally Posted by ;
Sold short NZD/JPY call, strike 89.71, expiry May 14th, 2007 for 15 pips.

I actually entered the (original ) live trade yesterday, but decided today to begin posting my transactions here on a regular basis. I've been ahead analyzing this egy for a few months. In the event of a disaster (pair flys past the attack ) I cover the choice with a place position.

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Well, Sell Call @ 89,71. So un expect the price will return, I'm right?
Sorry, I wish to ask some question here:

1. Why u choose call ? Is not that too risky (at least for me), coz if price go up, then u'll have unlimited reduction.

2. When u sell call, ATM, ITM or OTM?

3. How long u'r sell call'til expired.is it 1 month?

Sorry for my english, hope u understand