FX option expiries for Apr 30 NY cut
FX option expiries for Apr 30 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts
• 1.0730 513m
• 1.0750 712m
• 1.0800 2.1bn
• 1.0947 1.1bn
– USD/JPY: USD amounts
• 105.50 645m
• 106.00 569m
• 106.60 640m
• 106.65 521m
• 107.00 645m
• 107.10 413m
• 107.15 573m
• 107.35 1.4bn
• 107.50 2.2bn
• 107.60 640m
– GBP/USD: GBP amounts
• 1.2320 209m
• 1.2375 209m
• 1.2395 269m
• 1.2400 220m
• 1.2430 241m
– AUD/USD: AUD amounts
• 0.6570 2.7bn
INTRO + Hello everybody, and thank you for joining us for the daily FX expiries briefing video for the 10 am New York cut today.
If it is your first time with us, the FX currency options market runs in tandem with the spot FX market, but where traders typically place Call and Put trades on the future value of a currency exchange rate and these futures contracts typically run from 1 day to weeks, or months.
Each day we bring you details of the notable FX option expiries where they have an accumulative value of a minimum of $100M + and where quite often these institutional size expiries can act as a magnet for price action in the Spot FX arena leading up to the 10 am cut.
We will also plot the levels on to the relevant charts at the various exchange rates where there are due to expire, and also identify the levels which are in play, and where we believe there is a greater chance of the expiry maturing based on technical analysis at the time of writing, we will label them as hot, warm or cold.
So today we have four Option Expires for the EUR/USD pair today ………………
Also, there are also 10 Options expiring for the USD/JPY pair…………………….
Also, there are also 5 Options expiring for GBPUSD…………………….
Also, there is also one Option expiring for AUDUSD…………………….
Of the notable option expiries which we brought you yesterday: price action hit the 108.65 level for EURUSD pair, which was an official strike at the 10 am cut. We listed this as Hot.
ERUGBP hit 0.8730 at the cut, which was only 30 pips from the 0.8700 option expiry. We listed this as Hot too.
GBPUSD had an expiry at 1.2425, and where we saw price action hit 124.47 at the cut, just 22 pips from the option expiry. We also listed this as Hot.
We suggest you take the levels and plot them onto your own trading charts and incorporate the information into your own trading methodology in order to use the information to your advantage.
Remember, the higher the amount, the larger the gravitational pull towards the exchange rate maturity at 10:00 am Eastern time.
For a detailed explanation of FX options and how they affect price action in the spot forex market, please follow the link to our educational video.