Hey there r/investing,
I'm not sure if this is the right place, but I have an interesting situation. I have a professor who has about 70,000 euros in bills to pay in April, and he is currently losing money because the euro is going up relative to the dollar (at the time of his investment, the exchange rate was $1.18 dollars/euro, at the time of writing this it is now $1.24 dollars/euro). He tasked me with hedging his investment, and has given me access to his cash account. He told me that he wants me to find something that acts like a 3x leveraged option that tracks the euro, and invest $5,000 into it. That way, if the euro continues to go up, the $5000 investment will yield a high return, and if the euro comes back down, he will lose the $5000 investment but his initial investment will yield a greater return. I know that you normally can't buy options on leverage; do any of you have suggestions on how to find something that acts like a 3x leveraged option on the euro?
Submitted January 29, 2018 at 07:04PM by klumpbin http://ift.tt/2GtzEkj
