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Politics : Ask Michael Burke

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To: pater tenebrarum who wrote (79905)	4/20/2000 10:36:00 AM
From: Tommaso	Read Replies (2) of 132070

OK I am trying to figure these things out, so bear with me. Looks like the furthest out calls available on the Euro are December 2000. Is this correct? I see a call on the Euro with strike price of $1.00 it looks like, quoted at .02000. What would be the symbol for a December call on the Euro at $1.00? Did I see that the unit of each contract is $50,000? Now really bear with me: does that .02000 mean that (at that quote) a call option on $50,000 worth of Euros would cost $1000, $2000, or what? And what would the option be worth if the Euro went to, say $1.04. Sorry to plague you with questions, but if you already know how these things work maybe it won't be hard for you answer. The information on the web leads me around in circles. Thanks mightily. Also, please realize that I am not planning to jump in either fast or deep on these. I might just go down to my AAA (auto club) office where I can buy travelers checks denominated in Euros commission free and put away a pile of these in a safe deposit box.

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