Derived Data That Drive Results
By Richard Pace — May 09 - 03:40 AM
AUD/USD traders are talking about option hedging influencing AUD/USD Thurs
Early Asia bounce, despite a lack of news, said to have been option related
Some huge option strikes do actually expire 10-am New York/3-pm London Thurs
A$3.5-billion between 0.6525-50, A$4-billion 0.6600-35 nL1N3HC0E3
Those with exposure often cash hedge near strike to neutralise currency risk
That hedging typically increases as expiries draw closer
AUD/USD options might just offer the best value in G10 FX nL1N3HB0WA
For more click on FXBUZ
Huge AUD/USD FX option strikes expire Thursday Click here
Source:
Refinitiv IFR Research/Market Commentary
