The franc (â£) is the name of several currency units. The French franc was the former currency of France until the euro was adopted in 1999 (by law, 2002 de facto). The Swiss franc is a major world currency today due to the prominence of Swiss financial institutions.
On Monday, in a colorful strategy that options traders refer to as a call stupid, one trader bet $2 million that Microsoft could soar above $50 by the end of next week.
A call option is âin the moneyâ when the strike price is below the market price of the underlying stock. For a put option, itâs the opposite; a put is âin the moneyâ when the strike price is above the market price of the underlying stock. For example, if you buy Google January 620 call options now and two weeks later Google is trading for $623.00, then you are in the money by $3.00.