Stand-out FX option strike expiries this week
Sept 2 (Reuters) -The cash hedging of soon-to-expire FX option strikes can have a magnetic effect on FX price action, adding to nearby support/resistance, and there are plenty for the week ahead. These may have a noticeable bearing on FX trading, with markets potentially sidelined before Friday's key U.S. NFP data.
The largest EUR/USD strikes expiring on Tuesday are at 1.1045-50 on 1.3 billion euros, 1.1070-80 on 1.2 billion euros and 1.1115-20 on 2 billion euros. Wednesday has between 700-800 million euros each at 1.1000, 1.1050, 1.1100 and 1.1 billion euros at 1.1125-35. Thursday has 2.7 billion euros between 1.0975-85, 1.9 billion euros at 1.1000-05, 1 billion euros at 1.1060, 2 billion euros at 1.1075-80, 1.8 billion euros at 1.1090-1.1100, 2.2 billion euros at 1.1120-25 and a massive 4 billion euros at 1.1145-55. Friday's strikes are at 1.0930 on 1.9 billion euros, 1.0995-1.1000 on 2 billion euros and 1.1100-10 on 1.4 billion euros.
The biggest USD/CHF strike expiries are on Thursday at 0.8470-75 on $1.5 billion and in EUR/CHF on Tuesday at 0.9520 on 1.2 billion euros.
The largest GBP/USD strikes are on Thursday at 1.3075 on 638 million pounds, with 1.3040 strikes on 300 million pounds and 1.3095-1.3100 strikes on 390 million pounds. The largest EUR/GBP strikes also expire on Thursday at 0.8480-85 on 898 million euros.
Thursday is also a big day for AUD/USD strikes, with A$2.4 billion between 0.6625-40 and A$2.6 billion 0.6690-0.6700 and A$1.1 billion at 0.6720-30. The biggest NZD/USD strikes are on Thursday, too, with NZ$3 billion at 0.6065-70, NZ$ 1 billion at 0.6150 and NZ$ 1.6 billion at 0.6175.
Standout USD/CAD strike expiries are on Tuesday at 1.3500 on $1.5 billion, Wednesday at 1.3515 on $1.7 billion and on Friday at 1.3500 on $1 billion.
Standout USD/JPY strike expiries are on Tuesday at145.00 on $1.5 billion, Wednesday at 145.00 on $930 million and 146.25-35 on $1.6 billion, and on Thursday at 145.00 on 1.2 billion and 145.50 on 1.1 billion.
EUR/JPY strike expiries are on Tuesday at 164.15-25 on 1.2 billion euros, Wednesday at 164.00 on 826 million euros and Thursday at 161.60 on 1 billion euros. AUD/JPY strikes expire on Wednesday at 101.68 on A$750 million and on Thursday at 97.52 on A$800 million, 98.50 on A$750 million and at 100.00 on A$662 million.
For more click on FXBUZ
EUR/USD FXO expiries between September 3-6 https://tmsnrt.rs/4dXH52i
(Richard Pace is a Reuters market analyst. The views expressed are his own)
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