Forex option expiries for the 10am (14.00 GMT) New York cut 31 May 2018
Wow! The board has exploded in billion expiries. EURUSD has 23.09bn going off in a 410pip range. Of that, around 17bn is expiring between 1.1700 & 1.1910. Included in that is a whopping 5.46bn at 1.1800, with size either side. Of that 5.46bn, 4.12bn is puts & the rest is calls.
NZDUSD has a large 2.06bn rolling off at 0.6900. Of that, 862m is calls, 1.20bn is puts.
USDCAD is another with a biggie. 2.83bn expires at 1.2900. 1.76bn calls, 1.08bn puts.
What can we take from all this? EURUSD is going to be the difficult one because there’s large expiries all the way up and down. Who knows what might be defended or attacked? For the rest, it’s going to depend on where prices are nearer to expiry.
This is probably an apt time to give you an explanation of Forex options and their impact on currency markets.