Hedging question

Discussion in 'Trading' started by PohPoh, Jan 15, 2009.

  1. A friend of mine's company in Dubai has Canadian Dollar based obligations and he was looking for 'European' Style options on March, June, Sep, Dec 90 strike Canadian Dollar Calls.
    Notional amount is $5 million
    Where can this be done?
  2. I don't know - maybe Montreal Exchange or CME? I don't really understand options at all - but I'm pretty sure ther is a CAD market at CME.
  3. yeah, it's the 'european' style that has me tricked...
  4. Yes - it's pretty liquid too - I used to watch it when I used to trade futures.

    I'm turning in, tommorow I hope for a slowing of the trend. I probably won't get what I hope for, but i've seen 2% of my profit this month evaporate in the past 3 days.