Japan sinks; Profit from Japanese ETFs rebounding up or going further down

EWJ is the main Japan ETF. Right now it is trading at a perfect $10. Perfect for straddles that is.

Here are June straddles for both EWJ and FXY, the currency ETF.

The move required for the position to be profitable is 4.2% for EWJ, and 2.58% for FXY.

Computed with the free online StraddlesCalc tool.

This is not advice. Please do your own due diligence. Options are dangerous and may cause 100% loss.