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EUR/USD1.2000 (EUR 940.83 mn)1.1900 (EUR 1.34 bn)1.1700 (EUR 975.72 mn)USD/JPY156.00 (US$ 1.95 bn)151.00 (US$ 1.09 bn)GBP/USD1.3560 (GBP 766.08 mn)USD/CHF0.7730 (US$ 694.69 mn)USD/CAD1.3600 (US$ 1.02 bn)1.3500 (US$ 973.00 mn)AUD/USD0.7025 (AUD 449.18 mn)NZD/USD0.6100 (NZD 140.98 mn)0.5975 (NZD 196.92 mn)EUR/GBP0.8970 (EUR 117.05 mn)WHAT ARE OPTION EXPIRIES?The FX option expiration price levels refer to the strike prices where option contracts are set to expire. These levels include both calls and puts.When you see “EUR/USD at 1.1600 for €4 billion” it means there is a total of €4 billion worth of options (calls + puts combined) that have a strike price of 1.1600 and are expiring at that specific time (the “New York Cut” at 10:00 AM ET).Traders watch these levels because they often act as a “magnet” for the price. For example, if there’s nothing happening in the market and the price is close to the expiry level, let’s say 30-50 pips away, what you will usually see is the price moving into the expiry level. This happens due to the hedging activity of the market makers (banks, dealers and so on).As the price gets closer to the strike price near expiration, these market makers must aggressively buy or sell the currency to hedge their risk. This hedging activity tends to suppress volatility and keep the price “pinned” close to the strike price until the expiration time passes.RELATED ARTICLES:For more information on how to use this data, you may refer to this post here.
This article was written by Giuseppe Dellamotta at investinglive.com.
💡 DMK Insight
The recent option expiries at key levels like 1.2000 for EUR/USD are crucial for traders right now. With significant expiries at 1.2000 (EUR 940.83 million) and 1.1900 (EUR 1.34 billion), these levels could act as strong support or resistance. Traders should watch how the market reacts as we approach these expiries, especially since they can trigger volatility. If the EUR/USD breaks above 1.2000, it could signal bullish momentum, while a drop below 1.1900 might indicate a bearish reversal. Look for correlated movements in the USD/JPY and GBP/USD pairs, as shifts in the Euro can often ripple through these markets. Keep an eye on the daily charts for any breakout patterns or reversals around these levels, as they could dictate short-term trading strategies. The flip side is that if traders are overly focused on these levels, they might miss broader market trends. Economic indicators or geopolitical events could easily shift sentiment, so it’s worth monitoring news that could impact the Euro or the Dollar significantly.
📮 Takeaway
Watch the 1.2000 and 1.1900 levels for EUR/USD; a breakout or breakdown could signal significant market moves in the short term.
