EURUSD has very large option expiry interest at 1.0600 today 1 Dec
As per my daily update and previous posts since I just want to draw your attention to some large option contracts rolling off today at 15.00 GMT
- EURUSD 1.0600 (EUR 4.86bln) 1.0650 (619m)
- USDJPY 114.30 (USD 586m)
- USDCHF 1.0200 (780m)
- AUDUSD 0.7400 (AUD 559m)
- NZDUSD 0.7050 (NZD 834m)
The 1.0600 EURUSD expiries are particularly large and my take is that the move up in Asia and the subsequent cap and retreat in Europe tells us the battle on both sides is playing out. Tight range/price action also reflecting EURCHF and EURGBP supply vs EURJPY demand.
Also a few of note to keep in mind for tomorrow:
Friday 2 Dec
- EURUSD 1.0450 (EUR 1.83bln) 1.0500 (1.11bln) 1.0550 (1.54bln) 1.0600 (1.93bln) 1.0650 (1.74bln) 1.0700 (2.2bln) 1.0800 (1.1bln)
- USDJPY 110.00 (USD 1.09bln) 111.50 (1.16bln) 112.50 (1.54bln)
- GBPUSD 1.2500 (GBP 607m)
- AUDUSD 0.7320 (AUD 943m)
- NZDUSD 0.7050 (NZD 834m)
- AUDNZD 1.0500 (AUD 1.15bln)
Remember that these are "vanilla" options so still in play right up to expiry at 15.00 GMT on the day even if breached in the meantime, unlike barrier options.
For my latest post on how to use this info click here.
