OK, I am referring to SAXO's arbitrage of the discount to intrinsic on deep ITM options in which they make a market. FORGET clone... SAXO prefers you to offset/exercise a deep ITM option as the bid is often UNDER intrinsic value. OK? Obviously nobody would exercise an option in which the posted bid was > intrinsic val. It makes no difference what Cloned intended; what he had for breakfast, nor the timing of his last bowel movement. I want the last 30mins of my life back, my friend. Simple misunderstanding. Have a good weekend.
one last question and i will tell u what i am doing . my intention is if i buy a put ( future option, eur currency ) @ 1.2300, i am intending to short sell it at strike 1.2300 and i am bearish. if eur is now trading @ 1.2152 i would exercise it. But my Q is : eur / usd last traded @ apporx 1.2151 is this price futures price or is it a spot price or they are the same prices.. i am confused
that is the spot price. the EUR future prices trade @ 30 to 40 pips away three to four months out and come closer to cash as exp nears... right now the spread is down to 14pips on the sept cont.
given the following futures option price ( Futures Contract ) CALL option EC5UC12200 last 0.89 change -0.07 bid 0.83 ask 0.85 are they saying that strike price is 1.2200 ( spot strike price ) ?? and currently the spot closed 1.2151 ?
thay are calling CALL EC5UC12200 strike price a "Futures Contract option chain .." why call it futures option chain if they are refering to spot strike price of 1.2200 and currently it closed @ 1.2151