Virtual currency option

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Virtual currency option

A new option contract introduced by the PHLX in 1994 that is settled in US dollars rather than in the underlying currency. These options are also called 3-Ds (dollar-denominated delivery).
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Virtual Currency Option

An option contract that trades in a foreign currency on the Philadelphia Stock Exchange, but is settled in U.S. dollars. This protects the option holder from foreign exchange risk, while allowing him/her to participate in foreign markets.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved