Want to bet Euro won't drop below 1.48 within next few days ?

[ramaTrade]

2010 Jan 1.48 put that exps at 1/1/2010 trades at 181 now !! Tempting ...

Of course, with Fed chief reappt hearing going on, anythg can happen. He might try to appear not too soft by talking about raising rate !!!

 

[ramaTrade]

Sold some 1.46 Jan puts at 120 today, let's see if EUR will drop through 1.45, that is a 5% drop from the recent high.

 

[RickL]

FYI, According to the MERC website, these options expire Jan 8.

 

[increasenow]

Quote from ramaTrade:

2010 Jan 1.48 put that exps at 1/1/2010 trades at 181 now !! Tempting ...

Of course, with Fed chief reappt hearing going on, anythg can happen. He might try to appear not too soft by talking about raising rate !!!

are these CME Globex Euro futures options?

 

[christianhgross]

Quote from ramaTrade:

Sold some 1.46 Jan puts at 120 today, let's see if EUR will drop through 1.45, that is a 5% drop from the recent high.

You REALLY sold 1.46 puts?

 

[ramaTrade]

Quote from RickL:

FYI, According to the MERC website, these options expire Jan 8.

Thanks for correcting this.

 

[uexkuell]

Quote from ramaTrade:

Sold some 1.46 Jan puts at 120 today, let's see if EUR will drop through 1.45, that is a 5% drop from the recent high.

USD going up, no stop in sight.

Better take emergency exit.

 

[ramaTrade]

Quote from christianhgross:

You REALLY sold 1.46 puts?

Yes, 25 pips too early :-}

I expected EUR to drop between 1.46 and 1.47 before reversing above 1.48 near term.

I could be in for a big surprise. Let's see.

 

[spinn]

what does 120 mean.....how much money is that?

 

[increasenow]

are these CME Globex Euro futures options?