Large expiries rolling off at 1.1000 today 21 July 2016
As per my daily option expiries post we have €2.5bln rolling off today at 1.1000.
Price action thus far would suggest the buy side is the stronger with the level holding well in Asia and again in our session amidst the yen mayhem.
Also €748m coming off at 1.1100 which although not huge may have some tempering interest shoul we rally on any hawkish talk from Mario & Co.
Remember that these are "vanilla" options so still in play right up to expiry at 14.00 GMT on the day even if breached in the meantime, unlike barrier options.
Certainly been range bound this week, caught up in a heap of cross play crossfire.
I would expect some volatility through the ECB presser but extremes should be contained.
Famous last words/predictions lol.
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