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Sep 22 - 02:55 AM

EUR/USD - Traders Shouldn't Ignore 10-Billion Option Strikes

By Richard Pace  —  Sep 22 - 02:28 AM
  • There's a massive 10-billion EUR/USD option strikes due to expire

  • Some today nL1N2QO0CH, but the bulk (6+billion) post Fed on Thursday

  • Most within 1.1700-50 parameters, making this area very sticky for EUR/USD

  • Volatility players typically trade cash against strikes to hedge exposure

  • Can help contain EUR/USD, certainly ahead of Wednesday's FOMC announcement

  • If Fed don't excite FX, 1.1700-50 could contain EUR/USD through Thurs, too

For more click on FXBUZ


10-billion EUR/USD option strikes expire Wed-Friday Click here

Source:
Refinitiv IFR Research/Market Commentary

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