Forex options expiring at the 10am (14.00 GMT) New York cut 26 April 2018
An absolute whopper of an expiry in EURUSD today. 5.15bn, which are mostly all puts (4.72bn). With the ECB set to be yet another can-kick non-event, there’s a very good case to see this expiry play out in the spot price today.
There’a also some other’s worth noting. GBPUSD has to loads at 1.3750 (1.01bn (all puts) & 1.4240 1.12bn (978m calls). EURNOK has 1.26bn (all puts). USDJPY is very quiet but there are still rumoured to be barriers at 109.50 and 110.00. While they are rumours, I’m more inclined to believe that there’s one at 110 than at 109.50.
With all this going on, this would be an apt time to point you towards our ‘explanation of Forex options and their impact on currency markets’ post for those not familiar with how these can play out in prices.
As it’s a big day for EURUSD you can have a bonus big tune to go with it.