Euro FX Short Strangle

Prevail and Jay,

I guess what I am saying is my understanding is that an option tick is .0001 and that is worth $12.50 -- like the EUR underlying. So, a price of .0130 is actually 130 ticks and not 13.

Is this where I am wrong? I thought that this was what the contract info at CME said -- see link in previous post above...
 
Quote from ssternlight:

Prevail and Jay,

I guess what I am saying is my understanding is that an option tick is .0001 and that is worth $12.50 -- like the EUR underlying. So, a price of .0130 is actually 130 ticks and not 13.

Is this where I am wrong? I thought that this was what the contract info at CME said -- see link in previous post above...
More...

It is confusing. They add an extra 0 to the options prices: http://www.cme.com/dta/del/delayed_...uctFoiType=OOF&ProductVenue=R&ProductType=cur

.01300 is actually 130 tics, .00130 is 13 tics.

When looking at options prices just drop a zero off.
 
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