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Jan 14 - 06:12 AM
GBP/USD - Huge Option Hedging Flow Can Dictate GBP/USD Price Near Term
First appeared on eFXplus on Jan 14 - 04:00 AM
  • DTCC data shows 2-billion GBP/USD option expiries for Wednesday 10-am NY cut

  • 1.2-billion at 1.2960-65 and 800-million at 1.3000

  • Those with exposure to the strikes will buy/sell cash nearby, to offset risk

  • Known as delta hedging - it will often contain price action, near to strikes

  • GBP/USD options highlight concerns over weaker GBP/rate cuts nL1N29I046


GBPUSD option expiries: Click here

Source:
Refinitiv IFR Research/Market Commentary

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