BUZZ-COMMENT-Stand-out FX Option expiries for the week ahead

Jan 24 (Reuters) - The cash hedging of soon-to-expire FX option strikes may bolster any 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.

Strikes are being constantly added, but those that stand out after Friday's 10-am New York/14.00 GMT expiries are as follows.

The largest EUR/USD strikes so far on Monday are 1.0340-50 on 1.4 billion euros, 1.0400 (1 bln) and 1.0440-50 (1.3 bln). Tuesday at 1.0400 (1 bln) and 1.0500 (1.4 bln). Wednesday at 1.0430 (1.1 bln), 1.0500 (1 bln), 1.0570-75 (1.1 bln) and 1.0600 (1.8 bln). Thursday at 1.0350-55 (3 bln), 1.0400-05 (1.1 bln), 1.0595-1.0600 (2 bln) and Friday at 1.0400 (1.6 bln), 1.0450 (2.1 bln), 1.0500 (1.1 bln) and 1.0520-25 (2.4 bln).

Not too much in GBP/USD so far, with the largest strike expiries currently Wednesday at 1.2150 (£711 mln) and 1.2400 (£337 mln). Thursday at 1.2350 (£307 mln), and on Friday at 1.2475 (£482 mln).

The largest AUD/USD strike expiries so far are on Monday at 0.6300 (A$962 mln) and Tuesday at 0.6300 (A$1.4 bln).

Stand-out USD/CAD strike expiries are on Monday at 1.4275-85 ($1 bln) and 1.4550-60 ($911 mln), Wednesday at 1.4500 ($1.2 bln), Thursday at 1.4100 ($1.1 bln), 1.4500 ($1.6 bln) and Friday at 1.4200 ($890 mln), 1.4400-10 ($965 mln) and 1.4500 ($954 mln).

The largest USD/JPY strikes so far next week will expire on Monday at 155.00 ($1 bln) and 155.95-156.00 ($1.8 bln), Wednesday at 155.00 ($1.3 bln) and Friday at 155.00 ($1.2 bln).

EUR/JPY strike expiries worth noting so far are on Monday at 163.00 and 166.00 in 1 billion euros each and for GBP/JPY on Wednesday at 188.50 (£630 mln).

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