FX option expiries for August 15 NY cut at 10:00 Eastern Time, via DTCC, have been released. In the EUR/USD pair, there are significant amounts at various levels including 1.0800 at 2 billion, 1.0890 at 1.4 billion, and 1.0915 at 2.2 billion. In the GBP/USD pair, there are no specific amounts listed. In the USD/JPY pair, amounts include 145.00 at 696 million, 147.50 at 1.3 billion, and 150.05 at 1 billion. In the USD/CHF, AUD/USD, NZD/USD, and EUR/GBP pairs, there are no specific amounts listed.
EUR/USD has a mix of high expirations clustered around 1.0915-50 and a substantial amount at 1.0800, which could act as a magnet. There’s a fair chunk at the 1.1050 strike too, but less so than other expiries. Prices are contained by sell interest at around 1.1100 in the run-up to expiry. GBP/USD is devoid of significant strikes. USD/JPY is less loaded too, but there’s significant expiries clustered around the 149.00-20 handle. USD/CHF, AUD/USD, NZD/USD, and EUR/GBP have no significant expiration levels mentioned.
Overall, there seems to be a mix of high expirations in the EUR/USD pair, while the GBP/USD pair lacks significant strikes. USD/JPY has clusters of significant expiries around the 149.00-20 handle. USD/CHF, AUD/USD, NZD/USD, and EUR/GBP pairs have no notable expirations mentioned. It will be interesting to see how these expiration levels affect price action as they approach the deadline.
Traders will be closely monitoring the expiration levels listed as they can act as magnets for prices. If a significant amount is expiring at a certain level, it could attract price action towards that level as market participants adjust their positions ahead of the expiry. The absence of specific amounts listed for certain pairs could result in less predictable price movements. Overall, the expiration levels provide valuable insight into potential price action in the forex market.
