WHERE'S USDCAD GOING? WHO CARES!

I am doing a hedged trade using Options (exchange traded options on the ISE) on the USDCAD pair. I am also putting this on the ThinkorSwim "Paper Money" platform as the benefit to the students of FXOptions, so they can see how this trade is managed throughout the end of March Options Expiration. The USDCAD looks like its going to explode, either UP or DOWN. It could go up to the top of the channel and scale above 1.0350, or trace below and break the 0.9950 support all the way to 0.9755 (both PFXGlobal and DailyFX have contrasting views). So which will it be? The answer is that WE DON't CARE. We'll go short with our spot position, and long
with Call Options (CDD on thinkorswim). Note that I chose Short for our spot position, allowing us to do a COVERED PUT just in case we need to raise premiums (you can't do a Covered Call; need Saxobank for that). Upon Selling USDCAD at 1.0101, I also bought an ATM Call Option at the 101.00 strike for 1.44, giving us a "virtual stop" of 144pips. There will be adjustments to bring down the cost of the stop, but this will be described in detail in class. (In addition, Commitment of Traders data also support USDCAD losses. With Summer driving season expected to drive up Oil prices from April 08 onwards, this is logical). Would I do a similar trade on my Live TOS account? Sure, but it has to be 1.5 weeks prior to expiration. I hate paying for time premium.

See the chart below: