Large option expiries being noted in cable

Talk of 1.5 bln pounds worth of 1.45 option expiries today, which seen to be drawing price, cable presently down at 1.4530.

Also talk of huge 1.4400 option expiry/expiries next Thursday May 20, said to be upward 3 bln pounds. Hedge fund is said to have bought very sizeable 1.4400 cable put yesterday. The aggressive buying noted around 1.4540/45 earlier was probably interested party/parties trying to ensure we reach the New York cut without 1.4500 having been reached.