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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: marc chatman who wrote (80982)	5/20/2000 11:12:00 PM
From: Curly Q	Read Replies (2) \| Respond to of 132070

In the old days you could buy options on dmark futures at the cme, but the volume dried up there. The futures have largely dried up too, even though the dmark was once the top imm currency. Now though, the cme's eurocurrency futures and options contracts are popular and liquid, so you could use that vehicle easily. Contract sizes are of course extremely large compared to the amount of money needed to margin positions on futures. This though is a dangerous play in that your timing has to be pinpoint perfect to make money on a nice ride without getting shaken out and/or taken to the cleaners! I mean, if you take a position and get stubborn....if you're wrong you get royally toasted.

To: marc chatman who wrote (80982)	5/21/2000 11:16:00 AM
From: Tommaso	Read Replies (1) \| Respond to of 132070

marc, I keep trying to get someone to tell me, "do this: 1,2,3,4,5 . . ." to buy Euro options. I mean, starting with, 1. call up this broker and set up an account 2. send this amount of money 3. choose this (as far out as possible) option, complete with symbol and where traded, and so so. Instead, I am told that optiuns are easily traded on such and such an exhange, but I don't know how to look them up. If you figure all this out, please let me know exactly what you did.

To: marc chatman who wrote (80982)	5/21/2000 12:43:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Marc, Euro calls have given me Baby Seal Syndrome: they've clubbed me to death for my fur. <g> The currency options are on the Philly and that is how I trade them. Futures are nice, but you risk as much as you make, and that ain't my style. True, the currency options aren't very liquid, but the spreads are fairly tight for most option trades ( a 1000 lot might send the market makers scrambling to the bomb shelter <g>). I don't believe in TA, but I hope you are right. I am still throwing money at the currency calls. My profits from the huge move in the Yen the past 5 years will last me for another few decades, but it would be nice for the Euro and Swissie to get with the program for a change. <g>