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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:
1.1300 (EUR 1bln), 1.1350-60 (EUR 737m), 1.1450 (EUR 656m), 1.1500 (EUR 2.6bln), 1.1595/1.1600 (1.8bln);

GBP/USD: 1.5145/50 (GBP 430m), 1.5250 (GBP 200m), 1.5275 (GBPUSD 275m);

USD/JPY: 116.00 (USD 368m), 117.00 (USD 1bln), 117.75 (USD 752m), 119.00 (USD 941m);

USD/CAD: 1.2490 (USD 410m), 1.2570 (USD 440m), 1.2630 (USD 440m);

AUD/USD: 0.7750 (AUD 389m), 0.7775 (AUD 318m), 0.7850 (AUD 407m).

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