Hello. I did search on this, but didn't find anything that would answer my question. I found info on futures, etc, but not options.
What's the best way to hedge a long EUR/JPY position using options?
I'm assuming I should buy a put option.
I'm looking for specifics. I went to www.cme.com, but found options for the Euro and Yen, but I was expecting to find something for EUR/JPY.
I'm also looking at the quotes, can someone help me interpret the quotes?
For example, how much is .00700B?
What are the letters after the numbers?
Thanks,
Frank
What's the best way to hedge a long EUR/JPY position using options?
I'm assuming I should buy a put option.
I'm looking for specifics. I went to www.cme.com, but found options for the Euro and Yen, but I was expecting to find something for EUR/JPY.
I'm also looking at the quotes, can someone help me interpret the quotes?
For example, how much is .00700B?
What are the letters after the numbers?
Thanks,
Frank