Currency Analyst since 2010

Key option levels

FXBAZOOKA.com - Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (15:00 GMT).

Here are the key options expiring today:

EUR/USD: 1.2375 (EUR 501m), 1.2400 (EUR 393m), 1.2430 (EUR 567m), 1.2450 (EUR 325m), 1.2500 (EUR 924m);

USD/JPY: 118.00 (USD 900m), 118.30 (USD 1.4bln), 119.00 (USD 340m), 119.50/60 (USD 500m);

USD/CHF: 0.9600 (USD 1bln);

USD/CAD: 1.1375 (USD 1.53bln), 1.1290 (USD 610m);

NZD/USD: 0.7700 (NZD 700m), 0.7800 (NZD 711m), 0.8000 (NZD 1.5bln);

EUR/GBP: 0.7820, 0.7850;

EUR/CHF: 1.2025 (EUR 450m).

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