Think of an option in the same way that you would pay your house insurance company.
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A Put options is the reverse of the call option.
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They may decide that the Euro will appreciate against the US Dollar and take what is called a long position in Euro.
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Similar to futures, options can give the holder protection against adverse price moves.
At this stage it may seem that the buyer of the option has all the cards but don’t forget the seller of the option receives the money for granting the option.