Home Forex Market Analysis Forex Options FX Options Market Combined Volume Expiries for 19th June 2020

FX Options Market Combined Volume Expiries for 19th June 2020

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Thank you for visiting the Forex Academy FX Options market combined volume 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 combined 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’ with a good chance of a strike if labelled in red, still in play and a possible strike if labelled in orange and ‘out of play’ and an unlikely strike if labelled in blue, with regard to the likelihood of price action meeting the strike price at maturity.

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FX option expiries for June 19 NY cut at 10:00 Eastern Time, via DTCC, can be found below.

EUR/USD: EUR amounts

  • 1.1200 1.1bn
  • 1.1235 515m
  • 1.1260 664m

EURUSD is in a bear channel and is in a pullback from a dip below the key 1.1200 line and is now overbought. Price action is hovering above the key 1.1200 level but pressure remains to the downside. The economic calendar is light during the European session. The key 1.12 maturity remains in play.

– GBP/USD: GBP amounts        

  • 1.2400 525m
  • 1.2415 299m
  • 1.2500 501m

GBPUSD is in a consolidation phase after a bear move yesterday. The pair is overbought on the one our chart. The maturities at 1.2400 and 1.2415 are both in play.

– USD/JPY: USD amounts         

  • 106.45 386m
  • 106.50 470m
  • 107.50 435m
  • 107.70 440m

USDJPY price action is muted. We have a sloping wedge formation brewing. Watch for the breakout. But the options look out of play.

– AUD/USD: AUD amounts       

  • 0.6800 836m
  • 0.6900 826m

AUDUSD price action is muted on the one hour chart with a tight bull range. 0.6900 option is within range but this key level may prove more of a barrier than a magnet.

– EUR/GBP: EUR amounts

  • 0.8930 545m

EURGBP found a strong bid tone yesterday to lift it back above the 0.90 exchange rate. The option maturity looks to be well out of play.

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As you can see on the charts we have also plotted the expiration levels at the various exchange rate maturities and we have also labelled in red, orange and blue. Therefore, if you see option expiry exchange rates labelled in red these should be considered in-play, because we believe there is a greater chance of the expiry maturing at these levels based on technical analysis at the time of writing. There is still a lesser possibility of a strike if they are in orange and so these are ‘in-play’ too. However, if we have labelled them in blue, they should be considered ‘not in-play’ and therefore price action would be unlikely to reach these levels, which are often referred to as Strikes, at the time of the 10 AM New York cut.

Our technical analysis is based on exchange rates which may be several hours earlier in the day and may not reflect price action at the time of the maturities. Also, we have not factored in economic data releases or keynote speeches by policymakers, or potential market volatility leading up to the cut.

Although we have added some technical analysis 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.

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, the maturities will look more or less likely to become a strike at 10 AM NY time due to exchange rate fluctuations resulting in a different perspective with regard to technical analysis, and also due to upcoming economic data releases for the associated pairs.

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