Use CTM to identify the currency futures that have option contracts: Enter CTM; select "Currencies" and then select "Yes" on the "Options" tab to see currency futures with options contracts on them. Upload the currency futures contract with the selected options (e.g., BPA for British pound futures). Type EXS to find expirations (e.g., BPH7 to load March 2017 British pound futures). On the selected futures screen, type OSA to bring up the OSA screen, and select "Listed Options" on the contract from the red "Positions" dropdown tab to bring up listed futures options and then select the options to include in your evaluation.

Using the Bloomberg OSA screen and "Scenario Chart" evaluate some of the following option strategies that would reflect an expectation of a future event (e.g., Brexit vote, an election, a Central Bank announcement) that could cause the dollar price of your selected currency to increase or decrease significantly:

a. Straddle Purchase: Long call and put with similar terms.

b. Simulated Straddle: Long two calls for each a short futures position.

c. Money Combination Purchase: Long call and put with different exercise prices.