He may for example buy (call) the right to purchase a particular piece of land at $100,000 on or before sixty days beginning on the day he takes the option.
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Regardless of how he approached it, the price of a stock was just as likely to go up or down on any given day despite what happened on the previous day.
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The majority of traders will eventually use some form of technical analysis (also known as chart traders, market technicians and chartists).
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Before you dismiss the last statement out of hand.
He may also purchase goods and services whilst overseas and his credit card company has to convert those sales back into his base currency in order to charge him.