NZD/USD back in the fifties! Jesh when did that happen. Good for some, painful for others.
I was living in the States in 2000 and 2001, and the exchange rate got right down to 48 US cents to the NZD that I can recall. It wasn't pretty, although it was great coming home. Popped my American ATM card into the machine in Auckland and out came a bit over NZ$200 for my US$100! The NZD was like monopoly money. Hmmm.....? A Labour government was in power then too. Funny that.
I was living in the States in 2000 and 2001, and the exchange rate got right down to 48 US cents to the NZD that I can recall. It wasn't pretty, although it was great coming home. Popped my American ATM card into the machine in Auckland and out came a bit over NZ$200 for my US$100! The NZD was like monopoly money. Hmmm.....? A Labour government was in power then too. Funny that.
Wow, it got as bad as that! It was a long time ago, and I remember it definitely been in the 40s. Even though I rented my house out while I was away, there was absolutely no point in bringing NZ money to the US. it was just a joke.
13 F's report notional value of the underlying security, not market value of the options. He could have in theory only spent a few mil just deep out of the money, really short dated or a combo.
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