Best USD-JPY trade?

A

Allgone

I want to take out insurance for the yen's rise against the US dollar.

I'm a stocks trader with little experience of options.

What options position should I take to profit from that rise in, say, six months to a year ahead?

Thanks for any advice anyone can offer.
 
You can trade Forex options http://www.fxoptions.com/ which might have more volume or
ETF HEWJ or options but they are quite thin, or can do options on Japan currency futures and best volume is always monthly. Sort of limited on U.S. side, perhaps something better on Japan side.
 
Thanks. I already have a small position in YCL, a long JPY leveraged ETF. It ties up too much $. My understanding is that an options position requires a smaller outlay for a potentially much greater return and with limited downside. As I generally don't trade options, I'm looking for specifics on what options position to take to get a good return on a marked decline in USD against the JPY over 6-12 months.
 
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