Currency Analyst since 2010

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: 1.1700 (EUR 1bln), 1.1725 (EUR 417m), 1.1750 (EUR 2.6bln), 118.00 (EUR 809m), 1.1850 (EUR350m), 1.1890-10 (EUR 2.3bln);

GBP/USD: 1.5100 (GBP 418m), 1.5300 (GBP 530m);

USD/JPY: 114.00 (EUR 1.65bln), 116.00 (USD 1.6bln), 116.50 (USD 576m), 117.00 (848m), 117.65-75 600m), 118.00 (USD 560m), 118.25 (USD 630m), 119.00 (USD 582m), 119.50 (USD 1bln);

AUD/USD: 0.7950 (AUD 1bln), 0.8125 (AUD 221m), 0.8150 (AUD 422m), 0.8165 (AUD 282m), 0.8205 (AUD 1.57bln);

NZD/USD: 0.7800 (NZD 766m).

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