214
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: 1.1200/10 (EUR 520m), 1.1300 (EUR 552m), 1.1400 (EUR 270m);

USD/JPY: 115.00 (USD 5bln), 116.00 (USD 9.5bln), 116.45-50 (USD 1.5bln), 117.00 (USD 848m), 118.00 (USD 3.8bln), 118.30/40 (USD 1.5bln), 119.00 (USD 1.7bln);

USD/CAD: 1.2400 (USD 270m);

AUD/USD: 0.7750 (AUD 470m), 0.7800 (AUD 691m), 0.7900 (AUD 677m), 0.8000 (AUD 230m);

NZD/USD: 0.7300 (NZD 200m), 0.7350 (NZD 201m), 0.7390 (NZD 259m), 0.7400 (NZD 367m).

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