Trading the Pound (cable, sterling, GBP, XBP)

.

$1.78-1.80 was my target Level for Sterling... considering Buying Puts

Will look at COT & watch action today.
Ticked thru $1.78, but looks like it is giving that up now

Option Prices:


Underlying: Mar.03 Contract: $1.7748 : eqv.spot: $1.785?
Feb04 type Time---- Price- OpI Ty. Time---- Price- OpI
1.770 Call 16:13:12 0.0184 006 Put ........ ------
1.780 Call 16:13:12 0.0142 012 Put 16:13:13 0.0259
1.790 Call 16:13:12 0.0106 000 Put 16:13:13 0.0323 003
1.800 Call 16:13:12 0.0081 011 Put 16:13:13 0.0397 002
Mar04
1.780 Call 16:13:14 0.0206 115 Put 16:13:17 0.0323 070

DO NOT look particularly cheap to me!