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As below, cmegroup.com seems to indicate that CADUSD weekly options (expiring 25 Mar 2011) have absolutely no volume or pricing.

Does this mean they're impossible to trade? Or, if I had a broker, could I see bid and ask prices (even if no one actually got around to trading any contracts)?

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George Marian
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2 Answers2

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If there's no volume, there's no market. If there's no market, you can't trade.

As fennec notes in a comment below, you may be able to see bid/ask prices on the trading interface: there may be people willing to trade at a certain price.

But if the potential market is so thin that there is no volume showing up, I still think that there's effectively no market. You could get stuck with a security that you can't unload if you want to, assuming you don't actually plan to exercise.

bstpierre
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You have the TYPE set for "Weekly Volatility Options (European)". Are you sure that is what you want?. If you set it to "Weekly Options" it looks a bit better, meaning that the volume is still 0, but there are prior settlements listed, which suggests that you could probably put in a market order and still be filled, but not at a price you like.

Ralph Winters
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