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The beauty of trading news events is that you know when the market is going to move, you can look back to see the market’s past average moves in reaction to the news and then plan a strategy.
However, that can be a lot of work, too, all that “looking back." Fortunately, Apex Investing has done that for you, the trader, and has a calendar with numerous news events posted along with recommended strategies.
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On Friday, May 15, 2015 at 3:15 AM ET the Federal Statistics Office of Switzerland will release the PPI, Producer Price Index, for Switzerland. For this news event it is recommended to do a neutral Iron Condor strategy.
As is the case with many scheduled news events, the market tends to move after the event and then pulls back, often to where it started, making an Iron Condor an ideal strategy.
Enter The Night Before At 11:00 PM ET
To set up an Iron Condor for this event you can enter the night before, as early as 11:00 PM ET for a 7:00 AM ET expiration the next morning, using Nadex Spreads. Buy a lower USD/CHF spread and sell an upper USD/CHF spread.
Be sure to have the ceiling of your lower spread and the floor of your lower spread meet and be where the then current underlying USD/CHF market is trading.
Nadex stands for North American Derivatives Exchange and offers Spread and Binary derivatives of underlying markets to trade. The advantage of trading Nadex is capped limited risk.
This News Is Released Monthly
This news event, the PPI for Switzerland is released monthly, making for a possible monthly trade opportunity. It measures the change in price of goods and raw materials purchased by manufacturers. When manufacturers pay more for goods and materials, often the cost is passed on to the consumer so this news is a leading indicator for consumer inflation.
For this trade you want your Iron Condor to have a profit potential of $35 or more. You can leave your trade on until the next morning at expiration. It can move up to 70 pips in either direction and still have a max 1:1 risk reward ratio.
However, as stated earlier, the USD/CHF will most likely make a move after the news is released and pull back. The closer to the center of your Iron Condor it gets the higher your profit potential. To learn more about Iron Condors and how to trade the news, go to www.apexinvesting.com.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.