Forex options expiring at the 10am (14.00 GMT) New York cut 2 May 2018

Another striking landscape in the option world is a distinct lack of coverage of upside USDJPY options and downside EURUSD. There’s next to nothing above 110 in USDJPY today or tomorrow. We would expect to see something tomorrow given the Fed tonight but the most at the moment is 189m at 110.00. The same goes for the downside in EURUSD. Under 1.19 there’s almost nothing too. That can be a sign that the market isn’t overly worried about seeing huge moves up/down in either but it might also be reflective of prior option plays in different times. The rest of the board is sparse too and that could also be down to the holidays going on this week. The long and short of it is that the options are unlikely to feature too much in price moves, save for any barrier action. And on that, a barrier has popped up in GBPUSD at 1.3500.

Forex option expiries

Forex option expiries

Ryan Littlestone

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