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Oct 30 - 05:55 AM

EUR/USD - Bulls Might Take Solace From FX Option Flows

By Richard Pace  —  Oct 30 - 03:40 AM
  • Despite weak EUR/USD, option traders not rushing to buy downside protection

  • Pricing does however, reflect downside risk - market makers take no chances

  • But that's based more on impending U.S election uncertainty/volatility risk

  • Premiums for post election options at multi month highs nL1N2HK0MB

  • Premium for downside protection flips to USD calls - first time since June

  • So far however, there's a lack of conviction to actually buy these options

  • Seems that many FX traders still want EUR/USD higher nL1N2HK0Y0

  • Expect solid support toward range lows 1.1613 and option barriers 1.1600



1-week implied volatility gets U.S election result Click here

Source:
Refinitiv IFR Research/Market Commentary

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