(Bloomberg) -- Speculators bought at least $1
billion of options giving them the right to sell the yen at 127
to the dollar in six months, in a sign the world's worst-
performing currency this quarter may extend losses.
The put options grant the right to sell the currency at a
designated strike price. They traded with an implied volatility
of 6.38 percent, said Takeharu Miki, a currency options trading
manager at Bank of Tokyo-Mitsubishi UFJ Ltd. Implied volatility,
a measure of expectations for future currency swings, is quoted
as part of pricing options.
Read more at Bloomberg Currencies News
billion of options giving them the right to sell the yen at 127
to the dollar in six months, in a sign the world's worst-
performing currency this quarter may extend losses.
The put options grant the right to sell the currency at a
designated strike price. They traded with an implied volatility
of 6.38 percent, said Takeharu Miki, a currency options trading
manager at Bank of Tokyo-Mitsubishi UFJ Ltd. Implied volatility,
a measure of expectations for future currency swings, is quoted
as part of pricing options.
Read more at Bloomberg Currencies News
No comments:
Post a Comment