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Asked a question 3 months ago

Hey Guys! I was curious if anyone had any resources (Books, videos, podcasts, blogs) that they would recommend to get a better understanding of eurodollars and how to trade options on them? Within my Interactive Brokers Trader Workstation I can find the ticker GE but I'd like to better understand the options trading on GE. Any insight is greatly appreciated.

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The GE futures (Globex Euro-Dollar) have a multiplier of 2500. Which mean each future is for about 250K. One interest rate basis point 0.01 = 25$, and the future is on the 3 month interbank rate.

https://www.cmegroup.com/trading/interest-rates/stir/eurodollar_contractSpecs_futures.html47

The GE future options are the right (American style / physical delivery) for these futures.

https://www.cmegroup.com/trading/interest-rates/stir/eurodollar_contractSpecs_options.html19

If you are looking for books than read the excellent "Options as a Strategic Investment" by Lawrence G. McMillan. It's not specific for Euro-Dollar options but has a chapter on Future Options.

If you want to learn on options generally then you can check my blog at:

https://www.options-course.com/blog15

Cheers 

 

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