BUZZ-COMMENT-Stand-out FX option strikes expiring this week

Reuters
2024-12-09

Dec 9 (Reuters) - The cash hedging of soon-to-expire FX option strikes can 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. There are numerous strikes on Monday and for the week ahead.

Stand-out EUR/USD strikes are on Tuesday at 1.0500 on 1.4 billion euros, 1.0515-25 on 1.1 billion euros and 1.0600 on 2 billion euros. Wednesday at 1.0490-1.0500 on 2.8 billion euros and 1.0650-60 on 1.8 billion euros. Thursday at 1.0550 on 1.4 billion euros, 1.0575-85 on 1.2 billion euros, 1.0600 on 1.4 billion and 1.0620-25 on 1.2 billion euros. Friday has the largest strikes at 1.0400 on 4 billion euros, 1.0500 on 5.7 billion euros, 1.0550 on 1.3 billion euros, 1.0600 on 3.7 billion euros and at 1.0700 on 5 billion euros.

The biggest USD/CHF strikes expire on Thursday at 0.8790 on $543 million and Friday at 0.9000 on $600 million. The largest EUR/CHF strikes expire on Thursday at 0.9320-25 on 485 million euros.

The largest GBP/USD strikes expiring this week are on Wednesday at 1.2725 on 700 million pounds and in EUR/GBP on Friday at 0.8185 on 693 million euros.

Stand-out AUD/USD strike expiries are on Tuesday at 0.6500 on A$1.2 billion. Wednesday at 0.6350 on A$1 billion and at 0.6450 on A$704 million. Thursday at 0.6450 on A$1.2 billion and at 0.6500 on A$943 million. NZD/USD strike expiries are on Wednesday at 0.5900 on NZ$655 million and on Thursday at 0.6060 on NZ$1.3 billion.

The biggest USD/CAD strikes expire on Thursday at 1.4100 and 1.4230 on $1 billion each and on Friday at 1.3975, 1.4000, 1.4225 and 1.4275 on $1 billion each.

Stand-out USD/JPY strike expiries are limited to Tuesday at 151.90-152.00 on $1.1 billion. Wednesday at 148.75 on $1.1 billion and 151.60 on $800 million. Thursday at 149.80 on $736 million, 152.00 on $800 million and 152.70 on $1.1 billion. Friday at 150.00 on $1 billion and 152.60 on $750 million.

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(Richard Pace is a Reuters market analyst. The views expressed are his own)

((Richard.Pace@thomsonreuters.com))

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