Stand-out FX option strike expiries for the week ahead
Nov 29 (Reuters) -The cash hedging of soon-to-expire FX option strikes can bolster any nearby support and resistance levels, while potentially having a magnetic effect on FX price action towards each day's 10-am New York cut expiry. There are numerous strikes on Friday and more being added for the week ahead.
The largest EUR/USD strikes so far next week are on Monday at 1.0625 on 2.3 billion euros nL2N3N007G, Tuesday at 1.0500 on 882 million euros and between 1.0565 and 1.0580 on 1.2 billion euros, Wednesday at 1.0525 on 1.5 billion euros, Thursday between 1.0550 and 1.0565 on 2.5 billion euros and on Friday between 1.0450 and 1.0460 on 1.8 billion euros at 1.0500 on 1.5 billion euros and at 1.0600 on 900 million euros.
The largest USD/CHF strikes are on Wednesday at 0.8800 and 0.8900 on around $500 million each and on Thursday between 0.8725 and 0.8730 on $620 million. EUR/CHF has 425 million euros at 0.9270 expiring on Wednesday.
The only stand-out EUR/GBP strike expiries so far are on Wednesday at 0.8320-0.8330 on 650 million euros and 0.8410 on 430 million euros. Larger GBP/USD strike expiries are on Wednesday at 1.2500 on 550 million pounds and Thursday at 1.2495-1.2500 on 1.1 billion pounds, 1.2600 on 605 million pounds and 1.2750 on 665 million pounds.
The biggest AUD/USD strike expiries so far are on Wednesday at 0.6440-0.6450 on A$1.6 billion and 0.6500 on A$1.1 billion and on Thursday at 0.6590-0.6600 on A$1.6 billion and 0.6620 on A$800 million. There's large AUD/NZD strikes expiring on Monday at 1.1100 on A$1 billion and Tuesday at 1.1175 on A$1.2 billion.
The only current USD/CAD strikes of any real size are on Tuesday at 1.3900 on $767 million and Friday at 1.4200 on $813 million.
The largest USD/JPY strikes within a 148.00-153.00 zone are on Monday at 150.50 on $640 million and 152.00 on $590 million, on Tuesday at 149.00 on $450 million and 151.80 on $660 million, on Wednesday between 151.15 and 151.25 on $950 million, on Thursday at 151.75 on $560 million and on Friday at 152.00-152.10 on $1 billion.
There are 2 big AUD/JPY strikes expiring Thursday at 98.00 and 100.00 on A$1 billion each.
For more click on FXBUZ
EUR/USD FX option strike expiries Nov 29-Dec 6 https://tmsnrt.rs/3VcUi04
USD/JPY FX option strikes expiring Nov 29-Dec 6 https://tmsnrt.rs/4eXV5Jf
(Richard Pace is a Reuters market analyst. The views expressed are his own)
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