Since CYB is trading at $25.32, the 24s are in the money, and trading at $1.40 or $1.45. The added premium over intrinsic value is just $0.08 to $0.13. Those options will be profitable if CYB goes up by 0.03% to 0.051%.
Note that options may also cause a 100% loss, shall CYB drop below $24. That would mean the Yuan dropping (!) 5.2% until May 2011. Please do your own due diligence.
This is the Yuan since the Chiense government has allowed its appreciation:
What you see is in the inverse, i.e, the Yuan priced in U.S.Dollars. Enjoy!
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