ICON GM Vanilla options

Discussion in 'Forex' started by Eric1977, Dec 2, 2007.

  1. Eric1977


    I have a question. Given that the spreads on ICON GM Forex options are 10 pips, is there any use for trading these options? I'm generally a positive theta trader (I like to sell option premium on out of the money options and pick up theta). But when I'm wrong, I need to close out the position, and it's impossible to do this without taking at least a 10 pip loss! Am I missing something? I'm curious if anyone trades these options, and if so, HOW?