BUZZ-COMMENT-Stand out FX option strike expiries this week
Jan 19 (Reuters) - The cash hedging of soon-to-expire FX option strikes may bolster nearby support and resistance levels, while potentially having a magnetic effect on FX price action towards each day's 10 a.m. New York cut expiry. So it is worth knowing where the larger strikes reside in advance.
Larger EUR/USD strikes this week expire on Monday at 1.0200 on 1.3 billion euros, 1.0300-05 on 2.9 billion euros and 1.0325-30 on 1.8 billion euros.
Tuesday at 1.0150 on 1.7 billion euros, 1.0220 on 1.2 billion euros, 1.0300 on 1 billion euros, 1.0325 on 4.1 billion euros, 1.0325 on 4.1 billion euros, 1.0400 on 1.8 billion euros and 1.0420 on 1.5 billion euros.
Wednesday's largest strike expiry is at 1.0270 on 1.3 billion euros. Thursday has a 1.0150 strike on 2.7 billion euros, 1.0200 on 4.6 billion euros, 1.0295-1.0300 on 3.1 billion euros and 1.0400 on 2.3 billion euros.
Friday's largest strike expiry is 1.0350 on 2 billion euros.
The biggest GBP/USD strike expiries are on Monday at 1.2050 on £400 million, 1.2100 on £620 million, 1.2250 on £300 million and 1.2300 on £786 million.
The biggest AUD/USD strike expiry is on Wednesday at 0.6210 on A$2.2 billion. Other larger than average AUD/USD strike this week include a 0.6185 on Monday in A$780 million, while Tuesday has A$700 million at 0.6200 and A$1.1 billion at 0.6245-50. There's also A$1.8 billion at 0.6200-05 on Thursday.
Stand-out USD/JPY strikes expire on Tuesday at 156.00-05 on $2.3 billion and 156.50 on $1 billion, Wednesday at 155.50 on $1.1 billion and on Thursday at 155.00 on $2.1 billion.
There are large EUR/JPY strike expiries on Tuesday at 159.40 on 1.3 billion euros and 166.20 on 1.2 billion euros. Wednesday at 165.50 on 765 million euros, Thursday at 166.05 on 823 million euros and Friday at 155.00 on 900 million euros.
AUD/JPY strike expiries are on Thursday between 99.80-99.95 on A$1.4 billion and there is a GBP/JPY strike expiring on Thursday at 190.00 in £580 million.
For more click on FXBUZ
(Richard Pace is a Reuters market analyst. The views expressed are his own)
((Richard.Pace@thomsonreuters.com))
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