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May 23 - 06:55 AM

EUR/USD - Don't Ignore Massive €11-Billion EUR/USD Option Expiries Friday

By Richard Pace  —  May 23 - 04:50 AM
  • DTCC data flags massive €11-billion EUR/USD option strike expiries Friday

  • €8-billion between 1.0860-1.0900, biggest individual strikes 1.0875, 1.0890

  • There are lesser size but still large strikes expiring below 1.0850 Friday

  • €1.8-billion between 1.0820-30 and €1.5-billion between 1.0840-50

  • Beware related hedging flows near strikes - can help contain/limit FX moves

  • Option hedges likely dominate as markets wind down for long UK/US hol w/end

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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