The euro short trade can be structured with defined risk by buying a May 117 call and selling a 120 call in a call spread, creating a hedged position that maintains core directional exposure while capping upside risk during periods of geopolitical headline volatility.
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Patrick SesnaEvidence Quote
“buying the May 8th expiration 117 call... selling the 120 call... creating a 300 basis point wide spread for a net cost of about 60 pips”
Created: 8/12/2026, 5:52:35 PM
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