NEW YORK (Reuters) – Losses from the surprise move by the Swiss National Bank nearly crippled brokerage FXCM (FXCM.N: Quote, Profile, Research), but all the attention has resulted in a surge of activity among options traders on the online forex broker.
FXCM’s shares fell nearly 90 percent on Tuesday after the company faced $225 million in losses on the SNB’s shock decision last week to remove the cap on the Swiss franc. It then agreed to an emergency loan from Leucadia National Corp (LUK.N: Quote, Profile, Research).
A King dies. A Prince takes charge. Is it time for a change of (oil) Minister? Interesting times! #oil
NEW YORK (Reuters) – Family Dollar Stores Inc (FDO.N: Quote, Profile, Research) shareholders will vote on Thursday on an agreement to be bought by fellow discount retailer Dollar Tree Inc (DLTR.O: Quote, Profile, Research), possibly putting an end to a months-long tussle with Dollar General Corp (DG.N: Quote, Profile, Research).
Traders in the options market appear to be betting on a Dollar Tree win and have been positioning for Dollar General shares to come under pressure.