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May 18 - 02:55 AM

EUR/USD - Another 5-Billion EUR/USD Options Shouldn't Be Ignored

By Richard Pace  —  May 18 - 02:16 AM
  • Hedging of FX option expiries can have a big effect on FX spot

  • Typically draws spot toward strikes, adds support/resistance as expiry looms

  • Recall huge 1.2150 strike expiries contained EUR/USD pre 10-am NY cut Mon

  • Another EUR 5-billion nearby between Wednesday and Friday

  • DTCC data shows 2.3-billion Euro's between 1.2150-75 Wednesday

  • 1.7-billion between 1.2160-75 Thursday, 1-billion 1.2160-70 Friday

  • FX option prices retain a small EUR/USD bullish bias for now nL2N2N40JM

For more click on FXBUZ


EUR/USD option expiries Click here

EUR/USD 1-3 month expiry option risk reversals Click here

Source:
Refinitiv IFR Research/Market Commentary

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