Speculating with Currency Options Barry Egan is a currency speculator. Barry believes that the Japanese yen will fluctuate widely against the U.S. dollar in the coming month. Currently, one-month call options on Japanese yen (Â¥) are available with a strike price of $0.0085 and a premium of $0.0007 per unit. One-month put options on Japanese yen are available with a strike price of $0.0084 and a premium of $0.0005 per unit. One option contract on Japanese yen contains Â¥6.25 million. (See Appendix B in this chapter)
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