Not much happening on the FX option expiries board today

Author: Justin Low | Category: Forex Orders

That's not surprising considering what week this is

  • EUR/USD: 1.1666 (EUR 857m)
  • USD/JPY: 111.50 (USD 520m)
The board is also pretty much empty for the next two days as well but things are returning a bit more to normal on Thursday and Friday. Of note, there is a strike at 1.1400 for EUR/USD worth EUR 1.8bn and another at 111.50 for USD/JPY worth USD 2.3bn on Thursday.

As an aside, for those wondering about the relevance of option expiries in trading, reading this would be a good start. There's no exact science to how the expiries will impact prices but a simple way of understanding this is they can act as plausible magnets, caps, and floors for price action; even more so in trading conditions that are less liquid and less affected by key fundamental swings in my view.

Even if you don't swear by it, it's always good to expand your trading arsenal.

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