Question for options specialists: what´s the cheapest Dec strangle for USD/JPY?

[ASusilovic]

I want to implement a cheap USD/JPY DEC strangle option strategy. What are my cheapest "options"?

USD/JPY at earthquake lows. That´s good opportunity to make some $$$...hum, sorry YEN.

 

[Martinghoul]

How do you mean cheapest?

 

[HowardCohodas]

Did you notice the big move this evening? How does that change you ideas? Do you understand the cause of this move?

 

[tradingjournals]

Quote from ASusilovic:

I want to implement a cheap USD/JPY DEC strangle option strategy. What are my cheapest "options"?

USD/JPY at earthquake lows. That´s good opportunity to make some $$$...hum, sorry YEN.

Cheapest was to go long at the bottom!

Did you see what happened over the last 4 hours.

 

[Martinghoul]

Erm, it was intervention, innit?

 

[HowardCohodas]

Quote from Martinghoul:

Erm, it was intervention, innit?

Big time!

 

[destriero]

RIP Howard!