Forex options expiring at the 10 am (14.00 GMT) New york cut 17 September 2018
A slight shift in the pattern for EURUSD today. Last week there was a lot of interest down around 1.1500/50 all week. Looking ahead, the main interest is around the big figures with 1.1600 seeing the bulk of the action.
Forex option expiries
Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
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means that there is a possibility to go till 1.17 for eur/usd?
There’s the possibility of that happening with or without the options.
I am again right:( is this luck?
It’s not luck and the moves had nothing to do with the options.
let me ask please,there are sell options of 1.29 mio in 1.17,this means the big traders want to increase the currency to stop out these sell options in 1.17 ,am I right?
Not at all.
1. We have to know the exact balance between calls and puts to even start thinking about who wants to do what.
2. Then we have to know how many people have trades. Do not assume it’s just one person, it could could be 1 or 100
3. We have to know the intention of the options. Is it speculative, is it a hedge?
4. You have to think how much money it would take to push the spot price to the option strike price. Considering that EURUSD rose all day, you can assume there has been more than 1.29bn traded in the spot market. Therefore, is 1 person, let alone 10/20/100 people all going to spend money trying to push it that far? If one person only has 100m of those options, they’re not going to spend billions getting the price on their side.
There’s many variables in options.
thank you
My pleasure