Options Volatility
The foreign exchange market is extremely quiet as we begin the last official weekend of summer. The <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />UK is off on a Bank holiday today, and the US will be closed next Monday for Labor Day. Given the thin trading conditions, a reaction to this weeks data may be largely exaggerated. Data due out this week includes FOMC meeting minutes, ISM, 2Q GDP and Nonfarm Payrolls. The ECB will also be holding a monetary policy meeting and it is widely expected that they will keep rates steady. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
The option volatilities market is quiet and may remain slightly bid ahead of this weeks economic data.
Sample Option Strategies
Below please find some strategies, which depending on your view might be applicable. Please bear in mind that all of these trades can be applied to any of the currency pairs, which may be traded. All barrier levels, strikes, triggers, payouts, and maturity dates can be tailored to each individuals views.
For further details, please contact the options dealing desk at 1.212.897.7660 or toll free at 1.888.50.FOREX.
