OTC Options Contract Currency

This topic has 3 replies, 2 voices, and was last updated 2 years ago by John Moffat.

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June 4, 2023 at 12:50 pm #685976
simranxdeep
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In Fondir Co (Dec 22), the premium is quoted as LL / $, and the examiner took $ as their contract currency.
But in Buryecs Co (Mar/Jun 17), the premium is quoted as $ / Euro, and the examiner has taken $ as contract currency.
What caused this discrepancy?
June 4, 2023 at 3:20 pm #685989
John Moffat
Keymaster
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In Buryecs they are OTC options, so there is no contract size. The question says that the options are in $’s and they are selling dollars.
June 4, 2023 at 8:13 pm #686001
simranxdeep
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Oh okay! The question always specify like this whenever a OTC Option is asked to use right?
June 5, 2023 at 6:51 am #686018
John Moffat
Keymaster
- Topics: 57
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Questions always make it clear if it is an OTC option.
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