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I sold 50 contracts of EUO Jan 2013 put options for $2.10 in May last year, i.e. the target total profit is $10,500.00 by Jan 2013. But my account has shown that I have already almost reached the target; if I close the position today, my profit would be $10,196. This is over 4 months ahead of the schedule! Why? Because the Euro has declined so much in the past half a year or so. That's what I called free money with shorting Euro.
Of course, I know Euro won't disappear overnight and ECB and all the countries involved will try their best to prolong its life. There is still a chance that Euro will bounce back. I hope it will as this will give me another good opportunity to pick up more free money.
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