Funds Buy Euro Puts On One Touch Fears

28 May 2010

Hedge funds have been rushing to buy one-week put options on the euro against the U.S. dollar over the last few days to mitigate losses arising from a slew of three to six-month one touch options expiring Monday that traders expect to finish out-of-the-money.

--Rob McGlinchey

Hedge funds have been rushing to buy one-week put options on the euro against the U.S. dollar over the last few days to mitigate losses arising from a slew of three to six-month one touch options expiring Monday that traders expect to finish out-of-the-money.

The put option trades, ...

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