Nov. 5: key option levels
FXBAZOOKA.com - Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (15:00 GMT).
Here are the key options expiring today:
EUR/USD: $1.2500 (large), $1.2515 (large), $1.2535 (large), $1.2600;
EUR/GBP: 0.7750 (large);
USD/CAD: 1.1350 (large).