• The cash hedging of soon-to-expire FX option expiries can help to draw/contain the underlying cash price

• There are billions of EUR/USD strike expiries in the vicinity which expire at 10-am New York cut on Thursday

• 1.1550 on 3bln euros, 1.1570-75 on 1.8bln euros, 1.1595-1.1615 on 5bln euros and 1.1625-30 on 2.1bln euros

• The biggest collection is between 1.1640-55 on a massive 10bln euros, before a 1.1700 strike on 1.7bln euros

• Should EUR/USD post a significant post Fed drop then don't ignore a massive 11bln euros of 1.1500 strikes

• Related comment - Reading the Fed through FX options

• Related comment - The Fed can lift the USD, but its unlikely to last
EUR/USD FX option strike expiries June 17-18-19


(Richard Pace is a Reuters market analyst. The views expressed are his own)