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Forex Options

FX option expiries for May 13 New York cut

Thank you for visiting the Forex.Academy FX Options Expiries Section. Each day, where available, we will bring you notable maturities in FX Options of amounts of $100 million-plus, and where these large commutative maturities at specified currency exchange rates often have a magnetic effect on price action, especially in the hours leading to their maturities, which happens daily at 10.00 AM Eastern time. This is because the big institutional players hedge their positions accordingly. Each option expiry should be considered ‘in-play’ if labelled as Hot or Warm, or ‘out of play’ if labelled Cold with regard to the likelihood of price action meeting the strike price at maturity.

Thank you for visiting the Forex.Academy FX Options Expiries Section. Each day, where available, we will bring you notable maturities in FX Options of amounts of $100 million-plus, and where these large commutative maturities at specified currency exchange rates often have a magnetic effect on price action, especially in the hours leading to their maturities, which happens daily at 10.00 AM Eastern time. This is because the big institutional players hedge their positions accordingly. Each option expiry should be considered ‘in-play’ if labelled as Hot or Warm, or ‘out of play’ if labelled Cold with regard to the likelihood of price action meeting the strike price at maturity.

Thank you for visiting Forex.Academy’s FX Options Expiries Section. Each day, where available, Forex Academy will bring you notable maturities in FX Options of volumes of $100 million-plus, as these large commutative maturities at the specified currency exchange rates often have a magnetic pull on price action, especially in the hours near their maturities. These happens daily at 10.00 AM Eastern time. This effect is due to the big institutional players hedging their positions using option derivatives. Each option expiry has to be considered ‘in-the-money’ if labelled as Hot and Warm, or ‘out of the money’ if labelled Cold with regard to the likelihood of price action meeting the strike price at maturity.

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FX option expiries for May 13 New York cut

FX option expiries for May 13, NY cut at 10:00 Eastern Time, via DTCC, can be found below.

– USD/JPY: USD amounts         

  • 106.00 429m
  • 107.00 861m
  • 107.40 1.1bn


– GBP/USD: GBP amounts        

  • 1.2440 350m


– AUD/USD: AUD amounts

  • 0.6500 1.0bn 

– USD/CAD: USD amounts

  • 1.4000 1.5bn


– EUR/GBP: EUR amounts

  • 0.8740 420m
  • 0.8750 362m

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As we can see on the charts we have also plotted the expiration levels at the various exchange rate maturities and we have also labelled them as cold, warm or hot.

Therefore, if you spot exchange rates labelled as warm or hot, these should be considered In-Play. That is because we believe there is a greater likelihood of the expiry maturing at these levels based on the technical analysis at the time of this writing. However, if you see them labelled as Cold, they should be considered Not In-Play; thus it would be unlikely that price action could reach these levels, which are referred to as Strikes, at the New York’s cut time. Please consider that upcoming economic data releases are not factored in, nor did we take into account policymaker speeches that may modify the technical analysis outlook in the hours leading up to the expiration.

We suggest you plot these levels onto your own trading charts and combine this information into your own trading methodology in order to use the information to your advantage.

Remember the higher the volume of interest, the larger the gravitational pull towards the exchange rate maturity at 10:00 AM Eastern time.

If you want to learn how forex option expiries affect price action in the spot FX market see our educational article by clicking here: https://bit.ly/2VR2Nji

DISCLAIMER: Please note that this information is for educational purposes. Also, heat levels may change throughout the day in line with the exchange rate fluctuations due to technical analysis trading and upcoming economic data releases of the associated pairs.

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By Kevin O'Sullivan

I spent 20 years as an institutional currency broker, working at some of the best broking houses in the world and traded in Cash, Bonds, and Forward Rate Agreements.

In the early 1990's I moved into Spot FX and FX Forwards. I regularly closed deals of $25 million and sometimes up to $1 billion per ticket. Since then I act as an analyst, and commentator and have devised my own Forex educational course.

I also act as an advisor and educator for HNWI, financial institutions in the USA and want to make Forex trading available for new retail traders and seasoned professionals alike.

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