Pound v dollar: How hedge funds benefit from a weaker sterling

Here's how hedge fund managers make money from shorting the British pound

The Goldman Sachs Group, Inc. (GS)

NYSE - NYSE Delayed price. Currency in USD

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300.79

+9.41

(+3.23%)

At close: 04:00PM EDT

300.64

-0.15

(-0.05%)

After hours:

07:58PM EDT

In the money

Show:ListStraddle

Strike:450.00

Callsfor30 September 2022

Contract name	Last trade date	Expiry date	Last price	Bid	Ask	Change	% change	Volume	Open interest	Implied volatility
GS221021C00450000	2022-08-05 10:19AM EDT	2022-10-21	0.14	0.03	0.43	0.00	-	2	6	69.53%
GS221118C00450000	2022-08-05 10:21AM EDT	2022-11-18	0.23	0.12	0.62	0.00	-	2	2	53.78%
GS221216C00450000	2022-08-11 12:19PM EDT	2022-12-16	0.66	0.49	0.90	+0.21	+46.67%	1	1	45.94%
GS230120C00450000	2022-08-11 11:19AM EDT	2023-01-20	1.83	1.73	1.96	+0.70	+61.95%	1	1,297	44.23%
GS230317C00450000	2022-08-11 1:19PM EDT	2023-03-17	3.70	3.60	3.85	+1.49	+67.42%	2	2	42.15%
GS230616C00450000	2022-08-11 9:30AM EDT	2023-06-16	6.45	7.20	7.75	+3.03	+88.60%	1	289	41.14%
GS240119C00450000	2022-08-11 11:43AM EDT	2024-01-19	16.70	16.65	17.40	+4.60	+38.02%	17	286	40.11%
GS240621C00450000	2022-07-29 10:27AM EDT	2024-06-21	15.35	21.50	22.75	0.00	-	-	5	38.91%

Putsfor30 September 2022

Contract name	Last trade date	Expiry date	Last price	Bid	Ask	Change	% change	Volume	Open interest	Implied volatility
GS230120P00450000	2022-08-10 12:33PM EDT	2023-01-20	105.15	98.30	100.05	+105.15	-37.04%	583	282	0.00%
GS230317P00450000	2022-08-11 1:43PM EDT	2023-03-17	99.66	99.55	100.90	+99.66	-	2	10	0.00%
GS230616P00450000	2022-07-14 12:42PM EDT	2023-06-16	170.70	102.05	103.15	0.00	-	-	1	0.00%
GS240119P00450000	2022-08-11 1:45PM EDT	2024-01-19	107.67	107.15	108.85	-15.78	-12.78%	2	27	0.00%