Prevail and Jay, I guess what I am saying is my understanding is that an option tick is .0001 and that is worth $12.50 -- like the EUR underlying. So, a price of .0130 is actually 130 ticks and not 13. Is this where I am wrong? I thought that this was what the contract info at CME said -- see link in previous post above...
It is confusing. They add an extra 0 to the options prices: http://www.cme.com/dta/del/delayed_...uctFoiType=OOF&ProductVenue=R&ProductType=cur .01300 is actually 130 tics, .00130 is 13 tics. When looking at options prices just drop a zero off.