Saxo Bank

Quote from gkishot:

Riskarb, here is quote from original post:

<QUOTE>I bought september put ( eur / usd ) strike 1.2300,
and it is now is in-the-money.</QUOTE>

What it tells me is that those puts were in the money only after some time and not at the time of their purchase. If those options are priced with arbitrage it does not make any sense to wait some time until they may or may not become in the money. One can buy in the money put options immidiately & make money from arbitrage. So arbitrage was not initial intention at the time of buying put options. And that is relevant for me in terms of overall trading strategy which is not arbitrage.
More...

OK, I am referring to SAXO's arbitrage of the discount to intrinsic on deep ITM options in which they make a market. FORGET clone... SAXO prefers you to offset/exercise a deep ITM option as the bid is often UNDER intrinsic value. OK? Obviously nobody would exercise an option in which the posted bid was > intrinsic val. It makes no difference what Cloned intended; what he had for breakfast, nor the timing of his last bowel movement.

I want the last 30mins of my life back, my friend. ;) Simple misunderstanding. Have a good weekend.
 
one last question and i will tell u what i am doing .

my intention is

if i buy a put ( future option, eur currency ) @ 1.2300,
i am intending to short sell it at strike 1.2300 and i am bearish.

if eur is now trading @ 1.2152 i would exercise it.

But my Q is :

eur / usd last traded @ apporx 1.2151
is this price futures price or is it a spot price or they are the same prices..


i am confused
 
Quote from cloned777777:

one last question and i will tell u what i am doing .

my intention is

if i buy a put ( future option, eur currency ) @ 1.2300,
i am intending to short sell it at strike 1.2300 and i am bearish.

if eur is now trading @ 1.2152 i would exercise it.

But my Q is :

eur / usd last traded @ apporx 1.2151
is this price futures price or is it a spot price or they are the same prices..


i am confused
More...

that is the spot price.

the EUR future prices trade @ 30 to 40 pips away three to four months out and come closer to cash as exp nears...

right now the spread is down to 14pips
on the sept cont.
 
given the following futures option price ( Futures Contract )


CALL option
EC5UC12200 last 0.89 change -0.07 bid 0.83 ask 0.85

are they saying that strike price is 1.2200 ( spot strike price ) ??
and currently the spot closed 1.2151
?
 
thay are calling CALL EC5UC12200 strike price
a "Futures Contract option chain .."

why call it futures option chain
if they are refering to spot strike price of 1.2200
and currently it closed @ 1.2151
 
You must log in or register to reply here.
Back
Top