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: 1.1000 (EUR 909m), 1.1200 (EUR 673m), 1.1300 (EUR 594m), 1.1320/25 (EUR 908m), 1.1340 (415m);
GBP/USD: 1.5500 (311m);
USD/JPY: 117.50 (USD 650m), 118.00 (USD 1bln), 120.00 (USD 1.7bln), 121.50 (USD 700m);
AUD/USD: 0.7750 (AUD 520m), 0.7800 (AUD 418m), 0.7910 (AUD 747m).