Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: gumnam who wrote (38249)	9/17/2003 2:34:46 PM
From: Haim R. Branisteanu	Read Replies (1) of 74559

Gumnam, the last 2 days is an example resembling the what I mentioned before. On Sept 16, around 6 AM GMT the EUR/USD was 1.1315 since it dropped to 1.1140 by 6 AM GMT Sept 17, or 1.6% within one hour. This morning the EUR/USD rose from 1.1140 to the present level of 1.1295. quotes.ino.com So we had a 3% move in less than 2 days at a time that option IV is around 10.8% There were no meaningful news only FX manipulation. How could a commercial player properly hedge himself whit such low volatility aside from gambling all the time is beyond me.

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