Greeks for FX Options

[robertm 10]

Hi Guys,

 

I'm testing options as a strategy solution for certain FX trades. Can anybody suggest platforms they are trading these on or Options solutoins for FX in general??

 

More importantly where can I find the greeks listed?

 

IG have FX options (of sorts) ranging from daily to 2 weeks, but they are pretty raw (no greeks, basic order types). My time horizon is short, probably 48hrs max hold, so how big an influence are they going to be anyway?

 

I guess options on futures is one solution, I'm not sure how the spot options compare??

[robertm 10]

Ok found this today, nice effort by some enterprising spark (the ISE marketing department by the look of it).

 

FX Options- Options Quotes & Calculator, charting, candlestick indicators, options skew

 

The core provider they are using for the data looks interesting as well.

 

Stock Options Analysis & Options Trading Tools

[SIUYA 11]

I dont trade FX options.... never really got round to it.

But I would suggest getting an INDEPENDENT options model so you know what parameters go into it.

Purely and simply as its not an exchange traded market with competition.

Or compare against the equivalent futures options.

[robertm 10]

ISE (being an exchange) seems to be providing this service to a range of brokers, thus giving accurate info would be important to them (or they would have no clients). I'm doing some comparisons to other sources of FX options and so far they are in the ball park.

[Peterleo 10]

Investors and traders interested in the foreign exchange market have a variety of products from which to choose. Options, which are typically associated with the stock market, can also be applied to the forex market.

 

For more info:-http://www.investopedia.com/articles/forex/11/forex-options-greeks.asp#axzz25ZbxEy6T