Tomorrow’s option expiry is probably the largest I can remember for the collective value across a number of currencies:
- USD/JPY – 100.00 ($1.8B), 99.65 ($932m), 99.50 ($700m)
- EUR/USD 1.3400, 1.3450 (bot approx $750m), also some smaller ones around 1.3420
- USD/CAD – 1.0500 ($1.67B) smaller ones littered down to 1.04
- AUD/USD – 0.9400 ($1.07B), 0.9350 ($250m)
- GBP/USD – a mix from 1.59-1.62, largest ($230m) at 1.5950
- NZD/USD – 0.8250 ($850m) — that’s huge for NZD
I’m not sure if tomorrow is an especially important day for some reason or if it’s simply better position reporting due to Dodd-Frank. It’s the third Friday of the month, which is always big in options but so many expiries around $1B is special.
Today’s expiries held the market in check and I would be surprised if it wasn’t the same thing tomorrow. Something like USD/CAD is getting close to the buy zone.
