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Forum Guru
 
Group: Administrators
Last Login: 8/25/2010 9:38:53 AM
Posts: 69,
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| Question: What is the underlying value of a fxoption. f.i. uee 145. is this EUR 1450 or EUR 14500? Steve Meizinger's Response: Assuming EUR/USD is trading at 1.45, the ISE value is 1.45 *100 or 145. The notional dollar value for EUU, assuming an exchange rate of 1.45 is 100 * 145 or $14,500 per contract. The contract size will “float” based on the underlying exchange rate. To look-up quotes or use the options calculator, visit www.fxoptions.com/quotes
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