A client entered into a cash settled AUDUSD strangle option strategy for a notional of USD 500,000
Fantastic news! We've Found the answer you've been seeking!
Question:
A client entered into a cash settled AUDUSD strangle option strategy for a notional of USD 500,000 with strikes 0.7050 and 0.7450 for a total cost of USD 10,000.
Where should spot fix if the client wants to earn USD 5,000 net of the premium he paid for the option?
Related Book For
Advanced Accounting
ISBN: 978-0077431808
10th edition
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
Posted Date: