Quote from Martinghoul:
Well, there's a whole bunch of providers out there (other than IB) that offer FX options. If I am not mistaken (I am not in the US, so take with a pinch of salt), people like Oanda do this and maybe some others.
I am no IB expert, so I can't tell you with any degree of certainty. And yes, indeed, liquidity in CME FX futures is crap, let alone options on futures. But I don't think there's anything you can do on IB. The other name I keep hearing mentioned in the context of vanilla options is Saxo, but I have no real idea about them.Quote from gmst:
Yes, OandA does offer box options but I am trying to get vanilla options. I looked at the CME website to see liquidity in euro options but it is almost non-existant, kindoff surprised me.
Is there any other way I can trade it through IB (changing brokers is too much of a hassle to just trade an idea at this moment). Maybe through some ETF or something (just rambling some thoughts) ??
Quote from gmst:
How can retail take a longer term (3-6 months) position on a currency like Euro through options? I know I can buy 3m euro 1.20 puts in interbank market as an institution, but as a retail trading through IB and having a small account, how do I buy a put option on Euro.
The basic idea is I want to play euro both long and short through spot, however want to have a core short medium term position - aimed at benefiting substantially by a euro collapse.
Any suggestions are welcome.
Quote from Kassz007:
I think intervention is inevitable at some point if the situation continues as is. I've been shorting the JPY in small increments over the past couple of weeks going long USD/JPY and this week AUD/JPY.
These positions are quite small, but I want to be exposed in case the BOJ decides to do something. I can't see USD/JPY falling much further without Japan stepping in.