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Aug 13 - 05:55 AM

EUR/USD - Option Positions Must Be Considered

By Jeremy Boulton  —  Aug 13 - 03:45 AM
  • Option expiries are plentiful below 1.2000, sparse above

  • For option traders a 1.20 break is equivalent to a spec short squeeze

  • FX traders are hugely long, may see options do heavy lifting over 1.20

  • That said, option traders don't get it wrong too often

  • Their track record is far better than specs over the long-term

  • Lack of option cover over 1.20 may actually be a very bearish indicator

  • Specs buying 1.20+ are effectively taking long odds bookies so love to sell

  • FX traders have put all their eggs in one basket nL1N2FF099




EUR/USD expiries Click here

Source:
Refinitiv IFR Research/Market Commentary

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