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Nov 24 - 03:55 AM

GBP/USD - Traders Beware Effect Of Massive FX Option Strikes

By Richard Pace  —  Nov 24 - 02:32 AM
  • Hedging of soon-to-expire FX option strikes can influence FX price action

  • Related cash hedging flows can often draw and contain FX near strike

  • There's a massive 1.3-billion pounds in GBP/USD between 1.3400-10 on Friday

  • GBP/USD very close to this level as a major U.S. holiday looms

  • A lack of market catalysts/trade flow might help limit GBP/USD ahead

  • There's value in GBP options over Fed and BoE nL1N2SE0K0



For more click on FXBUZ


GBPUSD option expiries Click here

Source:
Refinitiv IFR Research/Market Commentary

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