Today’s forex option expiries for the 10 am (15.00 GMT) New York cut 20 December 2017
There’s a few large clutches of options going off today, and some decent OTM expiries. USDCAD has a biggie at 1.30 (2.45bn), and there’s a big amount of EURGBP topside expiries that are all call options. I’ve listed them more for an idea of what was there rather than them having any effect in prices today. It’s a little insight into how option are spread across the market. These may have been hedges for year-end FX exposure, or perhaps Brexit plays. We don’t often know the reason but it shows what’s out there.
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A lot of options…. I like the tecs in gbpusd and usdchf, there are some lines to break. Are U working next week? If I’m right, my broker will reopen the 26th. I admit I like these periods :).
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The techs usually work quite well over quiet periods like this but you have to be wary of low liquidity moves which can cause prices to be quite volatile. I always usually wait a few days into the new year just to see how things settle down as again, we can see some volatile moves as all the holiday/year-end closing up gets re-instated.
Totally agreed! Since friday, tecs are, maybe, on holidays…
I really like trading for small stuff over the holidays Stephane .
I plan on being around unless Ryan takes the keys from the drinks cabinet 🙂
I’ll leave the door unlocked, just make sure you switch the lights off when you’re done 😉
I will leave the money on the mantelpiece LOL 🙂
I have the double of the keys 😉 I’ll be here waiting with some whiskies lol 🙂
Don’t forget to bring some nibbles 🙂 I love those olives stuffed with anchovies
Lol 🙂 Foie gras maybe? hehehe Is Buba working next week or did they already buy what they have to? Maybe some interesting moves in eurgbp with few liquidities.
I presume so . Maybe they string it out and smooth it over the duration .
Foie Gras ? … You have expensive taste 🙂
Ryan will be counting the petty cash .
Don’t worry I’ll do it by myself, less expensive hehehe. Just one question. Last year, my broker was opened on the 26th but I remember some huge spreads, sth like 25 – 40 pips in eurusd and I remember that others were closed, what is the reality?
It really is up to your individual broker over the period . It is not unusual for spreads to be a little wider than normal , especially on the opens. EURUSD should not be showing much wider than the norm once the market gets going … Again , it differs from the various brokers and their feeds .
Don’t U receive the bonus sent by Ryan? Quite nice… 😉
I won’t be on much next week (I’ve not been on much this week to be honest). I’d rather take a decent break and come back refreshed for the new year.