Question
Pepe and Maria work as FX traders at the So Paulo and Miami offices of Saint and There Bank, respectively. Assume that Pepe is bearish
Pepe and Maria work as FX traders at the So Paulo and Miami offices of Saint and There Bank, respectively. Assume that Pepe is bearish the BRL (it will depreciate) and Maria is bullish (it will appreciate) the BRL. They run independent FX trading books. Please mark the only TRUE statement about FX options.
| a. | Maria should buy BRL PUTS from the CME exchange in the US | |
| b. | Pepe should buy USD PUTS from the Brazilian B3 exchange | |
| c. | Pepe could sell USD futures at the Brazilian B3 exchange | |
| d. | Pepe should buy USD CALLS from the Brazilian B3 exchange |
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Sunday Times Book Of Personal Finance
Authors: Diana Wright
1st Edition
0715391119, 9780715391112
