Friday, November 12, 2010

Great Deal on Yuan 2011 Options Through CYB ETF

The CYB ETF tracks the Chinese Yuan:

These are the April 2011 24 calls:

The 24 calls are in the money by $1.50. They cost is $1.65, therefore the extra premium is only $0.15, for over 6 months of wait. That's a 0.78% rise over the current value to make them profitable. If you think the Yuan will gain over 0.78% in 6 months, these are a very good deal.

Somebody obviously does given the volume above. The 25s have actually a "large" ope interest (for CYB):

Given the curreny chaos in currencies anything can happen. Please do your due diligence. Options are dangerous and may cause 100% loss.

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