Forex option expiries for the 10am (15.00 GMT) New York cut 9 February 2018

We look to have some run-off from the RBA events this week with some big expiries in AUDUSD. To give you a bit more colour on them, pretty much all of the strikes are made up of calls;

  • 0.7800 2.53bn
  • 0.7900 1.85bn
  • 0.8000 1.51bn

That means the buyers/holders need the spot price above these strikes to make money. The 0.79 & 0.080 strikes are probably well out of the game but the 0.7800 is in the crosshairs so we can expect a battle a little later. At the moment, I’m not surprised to see resistance at 0.7800, which is probably down to the seller/writer of these options defending his position (to keep the price under).

For more information about, read ‘An explanation of Forex options and their impact on currency markets’.

Forex option expiries

Forex option expiries

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

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