• DTCC data shows very large FX option strikes expiring 10-am New York Thurs

• 1.2-billion euros between 1.0605 and 1.0625

• However, Refinitiv link to DTCC hasn't updated since December

• Means strikes are probably much larger than currently shown

• Delta hedging activity will help support/contain any EUR/USD setback

• Several hundred more at 1.0600 Friday and a big one at 1.0700

• Option traders have been paring downside strike premiums nL1N3591F6

  
  

  
  

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