Hedging using options

Discussion in 'Forex' started by frank99, Mar 15, 2007.

  1. frank99


    Hello. I did search on this, but didn't find anything that would answer my question. I found info on futures, etc, but not options.

    What's the best way to hedge a long EUR/JPY position using options?

    I'm assuming I should buy a put option.

    I'm looking for specifics. I went to www.cme.com, but found options for the Euro and Yen, but I was expecting to find something for EUR/JPY.

    I'm also looking at the quotes, can someone help me interpret the quotes?
    For example, how much is .00700B?

    What are the letters after the numbers?