The euro crashed about a month ago, although the region still has uncertainties; there are opportunities to be had. If you want a vacation to Europe, now might be a good time to stock up on Euros, or pay in advance to lock in the better exchange rate. I like Europe in the spring and fall, its too hot during the summer. But where you can make a nice profit, FXE is the currency tracker (similar to an ETF) and the Aug. 2010 calls would be where I look. If you have the ability to do a price spread (like a covered call, but covered by the lower strike price option) then you could buy the 131 calls and sell 132 calls, or you could buy the 132 calls and sell the 133 calls. after you sell your cost is 18-25 cents/share plus transaction fees. You could make 4-5 times your investment. This minimizes your risk also. I don't see the Euro retesting its lows. But if you look at the 2008 chart for FXE, then it made a steep upswing then came back and started going ups fast ans steady. This one seems more steady than what happened in 2008.
Disclaimer-For information and entertainment purposes only, not a financial advisor.
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