Stand-out FX option strike expiries for the week ahead
Nov 15 (Reuters) -The cash hedging of soon-to-expire FX option strikes can bolster nearby support and resistance levels, whilst having a magnetic effect on FX price action, and there are plenty to note on Friday and for the week ahead.
The largest EUR/USD strikes showing so far on LSEG SDRV app are on Monday between 1.0500-20 on 2 billion euros, 1.0600 on 1.5 billion euros and 1.0625 on 1.1 billion euros. Tuesday at 1.0590-1.0600 on 1.8 billion euros and 1.0650 on 2.4 billion euros. Thursday at 1.0600-10 on 2.4 billion euros and on Friday at 1.0600 on 1.6 billion euros.
Larger GBP/USD strike expiries are on Tuesday at 1.2650 on 300 million pounds, Wednesday at 1.2575 on 300 million pounds and at 1.2775 on 350 million pounds. Thursday at 1.2735-45 on 623 million pounds and Friday at 1.2625 on 425 million pounds and 1.2700 on 856 million pounds.
EUR/GBP strikes are on Thursday at 0.8345-55 on 433 million euros and Friday at 0.83.20 on 350 million euros.
The only stand out AUD/USD strike expiries so far are on Tuesday at 0.6600 on A$2 billion and on Thursday at 0.6450 on A$2 billion. The largest NZD/USD strikes expire on Monday at 0.5835 on NZ$852 million and on Thursday at 0.5830 on NZ$350 million and 0.5875 on NZ$428 million. AUD/NZD strikes expire on Monday at 1.1025 on A$434 million and on Tuesday at 1.1035 on A$350 million.
The biggest USD/CAD strike expiries for the week ahead are on Monday at 1.3950 on $790 million, Wednesday at 1.3860 on $1 billion and Thursday at 1.4000 on $900 million, 1.4025 on $825 million and 1.4175 on $1 billion.
USD/JPY strike expiries appear light, with nothing substantial until Wednesday at 154.80-155.00 on $1.6 billion and 156.00 on $700 million and on Thursday at 155.80-85 on $1.4 billion.
For more click on FXBUZ
EUR/USD FX option strike expiries between November 18-22 https://tmsnrt.rs/40Nqqez
(Richard Pace is a Reuters market analyst. The views expressed are his own)
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