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Jan 20 - 02:55 AM

AUD/USD - Massive Option Expiry Hedging May Dominate AUD/USD Friday

By Richard Pace  —  Jan 20 - 02:15 AM
  • DTCC data shows a massive 0.6900 AUD/USD option expiry for 10-am NY cut Fri

  • Those trading AUD volatility will neutralise exposure to AUD/USD with cash

  • That cash hedging can often draw the FX spot toward the strike at expiry

  • Bigger strikes suggest more cash hedging and tighter spot ranges ahead

  • AUD/USD trades tight 0.6908-33 so far Friday - Option strike underpins

  • Big Fibo support below - Bulls might consider cheap AUD call options



For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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