If only for option expiries, EURUSD would be kept inside this morning’s range

by | July 23rd, 2018, 08:30:13 | Options | 2 comments

Forex options

FX options board for Monday 23.07.2018

There’s 1.5Bln € expiry each side of the 1.1700 and 50. I won’t hang my hat to them on any headline but if nothing else, the owners may try to keep it inside the range come expiry time.
AUD has a few interesting ones in the mid 0.73s if USD would regain some strength.
USDCNH pops up on the radar with close to 1Bln USD at 6.75 expiring today. It wasn’t far at one stage overnight. That could partially explain the rebound we saw from that level.

EURUSD
1.1645/55   830M
1.1700        1.4B
1.1745/50   1.5B

AUDUSD
0.7350/60   900M
0.7365/70   1B
0.7380        420M
0.7450        275M
0.7500        445M

AUDNZD
1.0980        670M

USDCAD
1.3200        408M

USDJPY
110.15/20   570M
110.35        280M
111.70        700M
112.00        570M

USDCNH
6.75           985M

USDMXN
19.00        455M

K-man
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2 Comments

  1. justin
    justin on July 23, 2018 at 5:32 pm

    K-man! Just found you two nights ago. wanted to send you a Hi5. very cool stuff. I’ve taken the last 16 hours of my life trying to wrap my head around this pin risk subject. I wanted to ask you some newbie questions these expiries are 14:00 right? so I thought FX options were weekly expiries only.. not dailys, how does that work? So is this higher level institutional flows/barrier options etc from DTCC so the daily expiries market is above and beyond retail level? Or are options expiries based on some sort of rolling FX fwd tenures? Terribly confused there.

    Another thing I found was the differences of data between RANsquawk, forexflow, or Bloomberg/Reuter (I don’t have that software) but I met some guy on tradingview that showed me and juxtaposed results with minor differing results. At any rate, even if its a small fraction at some level there is truly OTC volume – amazing. Anyway thought I’d ask you all of this since your way ahead of the ball on this subject.

    • K-man
      K-man on July 24, 2018 at 9:20 am

      Hi Justin, sorry for the massive delay, I didn’t get a ping after your question. So these data are DTCC data indeed. Since the whole market is looking at them, we’re posting them on here as well but not ALL options traded are taken up in here imo.The option market is way deeper than what’s taken up here.
      I use it as a guideline rather than a trade strategy of “more active” traded levels, levels that could magnet, reject, act as support or resistance when the time of expiry comes as more of similar may have been done. 10 am Nyk , 14 gmt. The ones we put on here are the daily expiries. Weeklies are interesting during weeks of a heavy data stream but to vague.
      The differences you can see are rounding ups or downs I guess or different platforms may include some expiries they got from another source maybe? The most widely used are the ones produced by DTCC.

      Again, don’t take these expiries to strictly. A 1B $ expiry in a 4tln $ market won’t have to much of an impact beyond the time of expiry. We also don’t know who’s been buying or selling these options. Just know they are there and IF they would would attract the price at the time of expiry , there may be a trade right after depending on the general moves in the market .

      Hope that helped

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