Friday, March 21, 2014

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Dear Fellow Trader,

In the 7-Minute Options, we locked in profits on the last of our “bullish Japan stocks + bearish Japanese Yen” trades last week. The trends had simply run too far, too fast. Our trade exit appears to have been perfect timing as the Yen has rallied sharply off of its lows. This in turn has sent Japanese equities pulling back sharply.

We took profits on our DXJ (Japan exchange-traded fund) Bull Call Spread to the tune of +115.3% return on investment! Not bad for a 2-month trade. We will be on the lookout for another opportunity to jump onto the long Japan/short Yen trends, but it will require patience to wait for the right opportunity to do it all over again.

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Happy Trading,

7 Minute Options

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