Stand-out FX option strike expiries for the week ahead
Aug 9 (Reuters) -The cash hedging of soon-to-expire FX option strikes can have a magnetic effect on FX price action and add to nearby support/resistance. There are some large strikes worth noting for Friday Aug. 9, and for the week ahead.
EUR/USD strikes expire on Monday at 1.0900 on 1.3 billion euros ($1.42 billion) and Tuesday at 1.0865-75 on 1.4 billion euros and 1.0900 on 1.7 billion euros. Wednesday has 1.0800-05 strikes expiring on 2 billion euros, 1.0825-35 on 1 billion euros, 1.0920-25 on 1.2 billion euros and 1.1035 on 1.8 billion euros.
Thursday has 1.0800 strike expiries on 2 billion euros, 1.0890 on 1.3 billion euros, 1.0905-15 on 2.2 billion euros, 1.0945-55 on 2.2 billion euros and 1.1000 on 1.2 billion euros. Friday has 1.0900-10 on 1.2 billion euros, 1.0950-60 on 2 billion euros and 1.1000 on 1.4 billion euros.
Stand out USD/CHF strike expiries are on Wednesday at 0.8715 on $1.5 billion and 0.8820 on $745 million, Thursday at 0.8740 on $824 million and on Friday at 0.8700 on $755 million.
The biggest GBP/USD strike expiries are on Monday at 1.2750 on 363 million pounds ($463.51 million), Wednesday at 1.2725 on 480 million pounds, Thursday at 1.2550 on 520 million pounds and on Friday at 1.2880 on 412 million pounds. EUR/GBP strike expiries are on Thursday at 0.8525 on 781-million euros and Friday at 0.8600 on 590 million euros.
AUD/USD strike expiries worth a mention are on Tuesday at 0.6575 on A$1.3 billion ($856.83 million) and 0.6675 on A$1.1 billion. Thursday at 0.6500 on A$1 billion and Friday at 0.6520 on A$920 million.
The biggest NZD/USD strike is on Wednesday at 0.6090 on NZ$925 million ($557.04 million) while AUD/NZD has A$1.2-billion 1.0950 strikes expiring on Thursday.
USD/JPY expiries are thin on the ground around current levels with stand-out strikes being on Wednesday at 146.25 on $1.2 billion and on Thursday at 147.50 on $1.1 billion.
For more click on FXBUZ
($1 = 0.9159 euros)
($1 = 0.7831 pounds)
($1 = 1.5172 Australian dollars)
($1 = 1.6606 New Zealand dollars)
EUR/USD FXO strikes expiring August 12-16 https://tmsnrt.rs/4cmhEGp
(Richard Pace is a Reuters market analyst. The views expressed are his own)
</body></html>Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
