Purchased September CHF 0.90 puts

The Swiss Franc has had one of the strongest appreciations against a basket of currencies in recent memory. The current perception is that this will continue forever. This makes the 0.90 September puts on Swiss Franc futures (versus USD) at $230 a contract ( the price I purchased them at) a bargain. There is a good chance the Swissie rally is really long in the tooth and it may devalue at least against the USD where it has risen 12 handles within a very short period of time. The position represents a small asset position so I will not be sweating it but I think it can be be very profitable if this trend reverses.