This is a bet on yet another crisis in Europe which will decimate the Euro currency. Sept 17 calls can be had for about 30 cents !! A 5% move would do the trick...but are the central banks going to prevent this ?
Whoops.....maybe the Euro is now looking better: http://www.smartmoney.com/invest/st...om-safety-1314309523609/?link=SM_hp_featStory So much for parity to the USD !