cable option

arbre · May 25, 2004

what would be the best option to do if i think cable hits 2,00 before end of july

Ikspec · May 25, 2004

Quote from arbre:

what would be the best option to do if i think cable hits 2,00 before end of july

Are you asking what your best option for playing it is or are you asking what option/combination of options you should trade? If it's the former, then just buy cable

If it's the latter then there is no way someone could give you an answer for that without knowing the IVs that your broker is quoting at.

riskarb · May 25, 2004

The 7/30/04 1.8120 OTC call(atm) has a ThVal of 264 pips. Buy it here and you've got a 7-bagger at 2.00 on GBPUSD

Ikspec · May 25, 2004

Quote from riskarb:

The 7/30/04 1.8120 OTC call(atm) has a ThVal of 264 pips. Buy it here and you've got a 7-bagger at 2.00 on GBPUSD

Fennics?

And how is the OTC option trading going?

Ik

riskarb · May 25, 2004

Quote from Ikspec:

Fennics?

And how is the OTC option trading going?

Ik

Yup, Fenics. It's going well but the hours are a bitch. All the volty occurs in the overnight session.

globalfxllc · May 25, 2004

a one touch exotic would be a greatplay for that.

email us for more info on exotic options in FX

riskarb · May 26, 2004

Quote from globalfxllc:

a one touch exotic would be a greatplay for that.

email us for more info on exotic options in FX

You're obviously referring to Refco SPOT.

Ikspec · May 31, 2004

Hey Riskarb,

Who are you trading with? I've been giving a look to OTC options with my spot broker but they're ridiculous.

Quoting basic options takes like fifteen minutes and by the time they provide the quote they tell you it's no longer valid because the spot is off 3 pips since they quoted it.