• Soon-to-expire FX option strikes attract the most related cash hedging flows

• These hedging flows are to neutralise exposure, but can draw spot to strike

• There are massive 1.0500 strikes set to expire over coming sessions

• 2.1 billion euros Tuesday and 4.4 billion euros at 10-am New York Wednesday

• Impending U.S. Thanksgiving holiday may leave strikes to dominate trade flow

• There are another 4 billion euros between 1.0485-1.0500 on Friday

• EUR/USD option implied volatility boosted amid Trump headlines Tuesday

• It's easing now as volatility risk fades - 1-month is 8.3 from 8.5

• Related comment nL2N3MW07L

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