Credit: With the 14.00 GMT expiry time looming there are plenty of contracts in play
Further to my original daily post and numerous others in the session we've got large option interest today
EURUSD has $1.95bln at 1.1100, GBPUSD £623m at 1.2500 and USDCAD at 1.3400 and 1.3425 to name a few.
Yesterday I highlighted €900m EURGBP expiries at 0.8900 and they certainly had a bearing on that pair and GBPUSD falling to 1.2434 after failing into 1.2500 post High Court/BOE.
Remember that these are "vanilla" options so still in play right up to expiry at 14.00 GMT on the day even if breached in the meantime, unlike barrier options such as the one being defended at 1.2500 on GBPUSD and 1.0850 on EURUSD at the moment.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
