• 1-week FX options expire 10-am New York on Dec 6 - capture RBA rate decision

• Implied volatility is market guess of actual volatility through to expiry

• If actual volatility outperforms implied, there is profit potential

• 1-week AUD/USD implied volatility 16.0 vs 12.5 last week (gets NFP Fri too)

• Break-even/premium for vanilla straddle is $120-pips in either direction

• AUD/USD has already seen a 100-pip range Tuesday, potential option value

For more click on FXBUZ