Looking to short the dollar but wanted to use an index option of the dollar against a basket of currencies. Can't seem to find one that has options on it.
Is there an option on IB for the dollar?
- Thread starter SoCalOptionsWriter
- Start date
Is there an option on IB for the US dollar?
Looking to short the dollar but wanted to use an index option of the US dollar against a basket of currencies. Can't seem to find one that has options on it.
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What is the US dollar index?
The U.S. Dollar Index (USDX) is a relative measure of the U.S. dollars (USD) strength against a basket of six influential currencies, including the Euro, Pound, Yen, Canadian Dollar, Swedish Korner, and Swiss Franc. The index was created in 1973, but remains useful to this day.
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US Dollar Index Futures & Options
Available on ICE FUTURES US
Is it available in IB?
It seems like no.
But you can easily find other brokers offering this product.
Looking to short the dollar but wanted to use an index option of the US dollar against a basket of currencies. Can't seem to find one that has options on it.
______________________________
What is the US dollar index?
The U.S. Dollar Index (USDX) is a relative measure of the U.S. dollars (USD) strength against a basket of six influential currencies, including the Euro, Pound, Yen, Canadian Dollar, Swedish Korner, and Swiss Franc. The index was created in 1973, but remains useful to this day.
____________________________
US Dollar Index Futures & Options
Available on ICE FUTURES US
Is it available in IB?
It seems like no.
But you can easily find other brokers offering this product.
Last edited:
The ICE futures and FOPs are available on IB. The underlying symbol is DX.
https://www.interactivebrokers.com/en/index.php?f=2222&exch=nybot&showcategories=FUTGRP
https://contract.ibkr.info/v3.10/index.php?action=Details&site=GEN&conid=638174999
https://www.interactivebrokers.com/en/index.php?f=2222&exch=nybot&showcategories=FUTGRP
https://contract.ibkr.info/v3.10/index.php?action=Details&site=GEN&conid=638174999
Jeeze, $120 a month for data from ICE?
If you are just doing a long term bet on this you don't need market data, just use a limit order and adjust it till it fills. Alternatively, you can use the FOPs on CME for individual currencies, the CME data is much cheaper.
Yes there are currency options and options on currency futures. The volume on them is not that great so the spread is quite wide but they do exist.