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FX option expiries for 25 February 10am New York cut

EUR/USD1.1900 (EUR 5.09 bn)1.1850 (EUR 2.19 bn)1.1800 (EUR 3.91 bn)1.1750 (EUR 1.82 bn)USD/JPY156.00 (US$ 2.92 bn)155.00 (US$ 1.80 bn)GBP/USD1.3550 (GBP 552.83 mn)1.3475 (GBP 448.12 mn)USD/CHF0.7790 (US$ 560.71 mn)0.7725 (US$ 787.67 mn)USD/CAD1.3650 (US$ 646.00 mn)AUD/USD0.7150 (AUD 1.45 bn)0.7100 (AUD 2.44 bn)0.7050 (AUD 1.17 bn)0.7000 (AUD 3.06 bn)NZD/USD0.5950 (NZD 358.26 mn)EUR/GBP0.8810 (EUR 404.08 mn)0.8625 (EUR 652.90 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.

🔗 Source

💡 DMK Insight

The EUR/USD pair is hovering around 1.1900, a critical psychological level, and here’s why that matters: traders need to watch for potential volatility as the market tests this resistance. With significant sell orders stacked at 1.1850 and 1.1800, a break above 1.1900 could trigger a short squeeze, pushing prices higher. Conversely, if the pair fails to maintain this level, we could see a swift move back towards 1.1800, where buying interest is stronger. Meanwhile, the USD/JPY is trading at 156.00, with notable support at 155.00. A breakdown here could lead to increased selling pressure, especially if the broader market sentiment shifts towards risk-off. The GBP/USD is also worth monitoring, as it’s currently at 1.3550, with key support at 1.3475. If the dollar strengthens, we could see a cascade effect across these pairs, particularly if traders react to upcoming economic data or geopolitical developments. Keep an eye on these levels as they could dictate short-term trading strategies.

📮 Takeaway

Watch the EUR/USD at 1.1900 for potential breakout or reversal; key levels to monitor are 1.1850 and 1.1800 for support.

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