He will of course forfeit the $1000 that he paid for the option.
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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.
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When you buy an option you have the right but not the obligation to buy (call) or sell (put) a specific underlying asset at a prearranged price on or before a given date.
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You can also sell options (as opposed to buying a put).
Regardless of how you want to trade the markets you need an approach.