right - i am a moron.....
Discussion
sorry is a bet techy but basic stuff and i am confusing my self
A put gives you the right but not the obligation to sell something at an agreed price on an agreed date... for this you pay a prem. Thjerefor if you by a USDJPY put you think the price will fall, so you can sell it at the Put level and buy it back at a lower level therefore making a profit
A One touch is an exotic option where you pay a prem to have an option that pays out if spot hits the barrier... if it doesn't payout you simply loose the premium you paid...
In my head then if you were a buyer of the USDJPY put and therefore think rate will fall you would be a seller of the OT... But thats not right and i don't know why
A put gives you the right but not the obligation to sell something at an agreed price on an agreed date... for this you pay a prem. Thjerefor if you by a USDJPY put you think the price will fall, so you can sell it at the Put level and buy it back at a lower level therefore making a profit
A One touch is an exotic option where you pay a prem to have an option that pays out if spot hits the barrier... if it doesn't payout you simply loose the premium you paid...
In my head then if you were a buyer of the USDJPY put and therefore think rate will fall you would be a seller of the OT... But thats not right and i don't know why
Doesn't that rather depend how many times you have cycled the options?
And if you FX account allows you to offset costs by mutual trading?
Am still not clear on what exactly you are asking?
Are you buying and selling. Buying both to hedge the currency rates? (you seem to have mixed the buy sell instructions between posts?)
O/T Pro-footballer..............? Nah!
And if you FX account allows you to offset costs by mutual trading?
Am still not clear on what exactly you are asking?
Are you buying and selling. Buying both to hedge the currency rates? (you seem to have mixed the buy sell instructions between posts?)
O/T Pro-footballer..............? Nah!
davemac250 said:
Doesn't that rather depend how many times you have cycled the options?
And if you FX account allows you to offset costs by mutual trading?
Am still not clear on what exactly you are asking?
Are you buying and selling. Buying both to hedge the currency rates? (you seem to have mixed the buy sell instructions between posts?)
O/T Pro-footballer..............? Nah!
Just working on strategies.... our trading book says we are long spot position so ned to buy puts to cover it. I was looking into selling a one touch to cover it as it would be cheaper but apparently that does not work..And if you FX account allows you to offset costs by mutual trading?
Am still not clear on what exactly you are asking?
Are you buying and selling. Buying both to hedge the currency rates? (you seem to have mixed the buy sell instructions between posts?)
O/T Pro-footballer..............? Nah!
yeah pro footballer was a while ago now...
tricky69 said:
davemac250 said:
Doesn't that rather depend how many times you have cycled the options?
And if you FX account allows you to offset costs by mutual trading?
Am still not clear on what exactly you are asking?
Are you buying and selling. Buying both to hedge the currency rates? (you seem to have mixed the buy sell instructions between posts?)
O/T Pro-footballer..............? Nah!
Just working on strategies.... our trading book says we are long spot position so ned to buy puts to cover it. I was looking into selling a one touch to cover it as it would be cheaper but apparently that does not work..And if you FX account allows you to offset costs by mutual trading?
Am still not clear on what exactly you are asking?
Are you buying and selling. Buying both to hedge the currency rates? (you seem to have mixed the buy sell instructions between posts?)
O/T Pro-footballer..............? Nah!
yeah pro footballer was a while ago now...
FX trading is not my thing, although we do take long position we do not actively chase margins in currency.
Are these deals running through a FX platform? The same one? In which case this sounds like a system to stop you taking advantage of this. Possible? The platforms after all are there to make revenue.
Again O/T (and tell me to bugger off if apt!) but has the revenue changes to footballer pensions hurt you? Am currently based off-shore and have some mates this has had an effect on and was looking at options for them. Just wondered if what they were saying was gospel ie that the old 35 yr old rule has been dropped for footballer schemes.
davemac250 said:
tricky69 said:
davemac250 said:
Doesn't that rather depend how many times you have cycled the options?
And if you FX account allows you to offset costs by mutual trading?
Am still not clear on what exactly you are asking?
Are you buying and selling. Buying both to hedge the currency rates? (you seem to have mixed the buy sell instructions between posts?)
O/T Pro-footballer..............? Nah!
Just working on strategies.... our trading book says we are long spot position so ned to buy puts to cover it. I was looking into selling a one touch to cover it as it would be cheaper but apparently that does not work..And if you FX account allows you to offset costs by mutual trading?
Am still not clear on what exactly you are asking?
Are you buying and selling. Buying both to hedge the currency rates? (you seem to have mixed the buy sell instructions between posts?)
O/T Pro-footballer..............? Nah!
yeah pro footballer was a while ago now...
FX trading is not my thing, although we do take long position we do not actively chase margins in currency.
Are these deals running through a FX platform? The same one? In which case this sounds like a system to stop you taking advantage of this. Possible? The platforms after all are there to make revenue.
Again O/T (and tell me to bugger off if apt!) but has the revenue changes to footballer pensions hurt you? Am currently based off-shore and have some mates this has had an effect on and was looking at options for them. Just wondered if what they were saying was gospel ie that the old 35 yr old rule has been dropped for footballer schemes.
tricky69 said:
davemac250 said:
tricky69 said:
davemac250 said:
Doesn't that rather depend how many times you have cycled the options?
And if you FX account allows you to offset costs by mutual trading?
Am still not clear on what exactly you are asking?
Are you buying and selling. Buying both to hedge the currency rates? (you seem to have mixed the buy sell instructions between posts?)
O/T Pro-footballer..............? Nah!
Just working on strategies.... our trading book says we are long spot position so ned to buy puts to cover it. I was looking into selling a one touch to cover it as it would be cheaper but apparently that does not work..And if you FX account allows you to offset costs by mutual trading?
Am still not clear on what exactly you are asking?
Are you buying and selling. Buying both to hedge the currency rates? (you seem to have mixed the buy sell instructions between posts?)
O/T Pro-footballer..............? Nah!
yeah pro footballer was a while ago now...
FX trading is not my thing, although we do take long position we do not actively chase margins in currency.
Are these deals running through a FX platform? The same one? In which case this sounds like a system to stop you taking advantage of this. Possible? The platforms after all are there to make revenue.
Again O/T (and tell me to bugger off if apt!) but has the revenue changes to footballer pensions hurt you? Am currently based off-shore and have some mates this has had an effect on and was looking at options for them. Just wondered if what they were saying was gospel ie that the old 35 yr old rule has been dropped for footballer schemes.
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