Euro Plunges Against U.S. Dollar on Italian, Greek Uncertainty

"David Hatunen" wrote in message
...
On Wed, 09 Nov 2011 06:10:13 -0800, Peejayodee wrote:

Euro Plunges Against U.S. Dollar on Italian, Greek Uncertainty
Bloomberg| Bloomberg - 2 hours 40 minutes ago

***

The euro dropped against the dollar and yen amid concern Italy will join
Greece in struggling to form a new regime strong enough to implement
austerity measures

Plunge? Oh, come now. The euro is currently at $1.36; yesterday it was at
$1.2762. It'w been between $1.3756 and $1.3799 since 2 November. the
biggest recent "plunge" was between 31 October at $1.4142 and 2 November
at $1.3756.

"Plunge"??! Phah!

Let me know when it "plunges" to $0.89 like it was when I was in Europe
in around 2000 (I wish I'd bought lots of euros then).

Maybe it plummeted?

On Nov 9, 1:38*pm, Johannes Kleese wrote:
* *Hindsight: Anyone buying an in the money put option on 1 million Euros
* *vs USD yesterday would have made almost 20 thousand Euros in one
* *single day.

*Hindsight: Anyone buying an in the money put option on 100 million Euros
*vs USD three years ago would have lost almost 7 million Euros.

***** happens

Wrong.

That particular investor couldblabla

Particular? Ok, my fault, I should have known you won't get the point.

Your earnings are 100% hypothetical. Even your assumption any ordinary
guy would have a million to spare for a day is a joke. Thus are your "20
thousand Euros". Meaningless. Why didn't you take 100 million - that's a
bigger number after all?

If you want to be realistic, make that a put option on 1000 Euros and
your giant "plunge" is worth a mere 20 €. That's two pizzas, one for
Martin and one for me.
And then we'd still have to pay extra for the clairvoyant to tell us if
the market goes up or down just tomorrow.

Anyway. Since you're hating Europe that much, it's fun to see you use
Euros for your investments. Weren't able to find any other safe
currency, were you?

Currency speculators can normally margin currencies at 50 to 1. Look
it up.

This means the investor puts up 20,000 euros to cover 1 million euros.
Do the math

An investor speculating in put and call options on currency futures
can structure a currency investment either on the upside or downside
with even more leverage

Please do not cross-post.

On Nov 9, 1:38*pm, Johannes Kleese wrote:
* *Hindsight: Anyone buying an in the money put option on 1 million Euros
* *vs USD yesterday would have made almost 20 thousand Euros in one
* *single day.

*Hindsight: Anyone buying an in the money put option on 100 million Euros
*vs USD three years ago would have lost almost 7 million Euros.

***** happens

Wrong.

That particular investor couldblabla

Particular? Ok, my fault, I should have known you won't get the point.

Your earnings are 100% hypothetical. Even your assumption any ordinary
guy would have a million to spare for a day is a joke. Thus are your "20
thousand Euros". Meaningless. Why didn't you take 100 million - that's a
bigger number after all?

If you want to be realistic, make that a put option on 1000 Euros and
your giant "plunge" is worth a mere 20 €. That's two pizzas, one for
Martin and one for me.
And then we'd still have to pay extra for the clairvoyant to tell us if
the market goes up or down just tomorrow.

Anyway. Since you're hating Europe that much, it's fun to see you use
Euros for your investments. Weren't able to find any other safe
currency, were you?


The FX exchange normally requires a 50 to 1 margin requirement on
currency investments. Look it up.

This means 20 thousand of a currency can control 1 million of that
currency. Do the math.

Investnebt in futures options on that currency can be structured
utilizing even more leverage.

On 11/09/2011 08:12 PM, Peejayodee wrote:
On Nov 9, 1:38 pm, Johannes wrote:
Hindsight: Anyone buying an in the money put option on 1 million Euros
vs USD yesterday would have made almost 20 thousand Euros in one
single day.

Hindsight: Anyone buying an in the money put option on 100 million Euros
vs USD three years ago would have lost almost 7 million Euros.

**** happens

Wrong.

That particular investor couldblabla

Particular? Ok, my fault, I should have known you won't get the point.

Your earnings are 100% hypothetical. Even your assumption any ordinary
guy would have a million to spare for a day is a joke. Thus are your "20
thousand Euros". Meaningless. Why didn't you take 100 million - that's a
bigger number after all?

If you want to be realistic, make that a put option on 1000 Euros and
your giant "plunge" is worth a mere 20 €. That's two pizzas, one for
Martin and one for me.
And then we'd still have to pay extra for the clairvoyant to tell us if
the market goes up or down just tomorrow.

Anyway. Since you're hating Europe that much, it's fun to see you use
Euros for your investments. Weren't able to find any other safe
currency, were you?

Currency speculators can normally margin currencies at 50 to 1. Look
it up.

This means the investor puts up 20,000 euros to cover 1 million euros.
Do the math

An investor speculating in put and call options on currency futures
can structure a currency investment either on the upside or downside
with even more leverage

How come you don't mention margin calls?

--
Alias

On Wed, 09 Nov 2011 21:02:43 +0100, Alias
wrote:

On 11/09/2011 08:12 PM, Peejayodee wrote:
On Nov 9, 1:38 pm, Johannes wrote:
Hindsight: Anyone buying an in the money put option on 1 million Euros
vs USD yesterday would have made almost 20 thousand Euros in one
single day.

Hindsight: Anyone buying an in the money put option on 100 million Euros
vs USD three years ago would have lost almost 7 million Euros.

**** happens

Wrong.

That particular investor couldblabla

Particular? Ok, my fault, I should have known you won't get the point.

Your earnings are 100% hypothetical. Even your assumption any ordinary
guy would have a million to spare for a day is a joke. Thus are your "20
thousand Euros". Meaningless. Why didn't you take 100 million - that's a
bigger number after all?

If you want to be realistic, make that a put option on 1000 Euros and
your giant "plunge" is worth a mere 20 €. That's two pizzas, one for
Martin and one for me.
And then we'd still have to pay extra for the clairvoyant to tell us if
the market goes up or down just tomorrow.

Anyway. Since you're hating Europe that much, it's fun to see you use
Euros for your investments. Weren't able to find any other safe
currency, were you?

Currency speculators can normally margin currencies at 50 to 1. Look
it up.

This means the investor puts up 20,000 euros to cover 1 million euros.
Do the math

An investor speculating in put and call options on currency futures
can structure a currency investment either on the upside or downside
with even more leverage

How come you don't mention margin calls?

because no-one expected you to know about them!!

--
web site at www.abelard.org - news comment service, logic, economics
energy, education, politics, etc over 1 million document calls in year past
--------------------------------------------------------------------------------
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the triumph of evil is that [] a big stick.
good people do nothing [] trust actions not words
only when it's funny -- roger rabbit
--------------------------------------------------------------------------------

On Nov 9, 3:02*pm, Ali Ass wrote:
On 11/09/2011 08:12 PM, Peejayodee wrote:



On Nov 9, 1:38 pm, Johannes *wrote:
* * *Hindsight: Anyone buying an in the money put option on 1 million Euros
* * *vs USD yesterday would have made almost 20 thousand Euros in one
* * *single day.

* Hindsight: Anyone buying an in the money put option on 100 million Euros
* vs USD three years ago would have lost almost 7 million Euros.

* **** happens

Wrong.

That particular investor couldblabla

Particular? Ok, my fault, I should have known you won't get the point.

Your earnings are 100% hypothetical. Even your assumption any ordinary
guy would have a million to spare for a day is a joke. Thus are your "20
thousand Euros". Meaningless. Why didn't you take 100 million - that's a
bigger number after all?

If you want to be realistic, make that a put option on 1000 Euros and
your giant "plunge" is worth a mere 20 €. That's two pizzas, one for
Martin and one for me.
And then we'd still have to pay extra for the clairvoyant to tell us if
the market goes up or down just tomorrow.

Anyway. Since you're hating Europe that much, it's fun to see you use
Euros for your investments. Weren't able to find any other safe
currency, were you?

Currency speculators can normally margin currencies at 50 to 1. Look
it up.

This means the investor puts up 20,000 euros to cover 1 million euros.
Do the math

An investor speculating in put and call options on currency futures
can structure a currency investment either on the upside or downside
with even more leverage

How come you don't mention margin calls?

--
Ali Ass

There are no margin calls involved with buying options. The financial
exposure is limited to the extent of the cost of the put or call

Please do not cross post.

On 11/09/2011 09:14 PM, Peejayodee wrote:
On Nov 9, 3:02 pm, Ali wrote:
On 11/09/2011 08:12 PM, Peejayodee wrote:



On Nov 9, 1:38 pm, Johannes wrote:
Hindsight: Anyone buying an in the money put option on 1 million Euros
vs USD yesterday would have made almost 20 thousand Euros in one
single day.

Hindsight: Anyone buying an in the money put option on 100 million Euros
vs USD three years ago would have lost almost 7 million Euros.

**** happens

Wrong.

That particular investor couldblabla

Particular? Ok, my fault, I should have known you won't get the point.

Your earnings are 100% hypothetical. Even your assumption any ordinary
guy would have a million to spare for a day is a joke. Thus are your "20
thousand Euros". Meaningless. Why didn't you take 100 million - that's a
bigger number after all?

If you want to be realistic, make that a put option on 1000 Euros and
your giant "plunge" is worth a mere 20 €. That's two pizzas, one for
Martin and one for me.
And then we'd still have to pay extra for the clairvoyant to tell us if
the market goes up or down just tomorrow.

Anyway. Since you're hating Europe that much, it's fun to see you use
Euros for your investments. Weren't able to find any other safe
currency, were you?

Currency speculators can normally margin currencies at 50 to 1. Look
it up.

This means the investor puts up 20,000 euros to cover 1 million euros.
Do the math

An investor speculating in put and call options on currency futures
can structure a currency investment either on the upside or downside
with even more leverage

How come you don't mention margin calls?

--
Ali Ass

There are no margin calls involved with buying options. The financial
exposure is limited to the extent of the cost of the put or call


Riiiight, so if the market goes against you, you don't have to make up
the difference to stay in the market? Pull the other one, it has bells
on it.

--
Alias

"Peejayodee" wrote in message
...
On Nov 9, 1:38 pm, Johannes Kleese wrote:
Hindsight: Anyone buying an in the money put option on 1 million
Euros
vs USD yesterday would have made almost 20 thousand Euros in one
single day.

Hindsight: Anyone buying an in the money put option on 100 million
Euros
vs USD three years ago would have lost almost 7 million Euros.

**** happens

Wrong.

That particular investor couldblabla

Particular? Ok, my fault, I should have known you won't get the point.

Your earnings are 100% hypothetical. Even your assumption any ordinary
guy would have a million to spare for a day is a joke. Thus are your "20
thousand Euros". Meaningless. Why didn't you take 100 million - that's a
bigger number after all?

If you want to be realistic, make that a put option on 1000 Euros and
your giant "plunge" is worth a mere 20 €. That's two pizzas, one for
Martin and one for me.
And then we'd still have to pay extra for the clairvoyant to tell us if
the market goes up or down just tomorrow.

Anyway. Since you're hating Europe that much, it's fun to see you use
Euros for your investments. Weren't able to find any other safe
currency, were you?

Currency speculators can normally margin currencies at 50 to 1. Look
it up.

This means the investor puts up 20,000 euros to cover 1 million euros.
Do the math

An investor speculating in put and call options on currency futures
can structure a currency investment either on the upside or downside
with even more leverage

How come you don't mention teji mandi?