Author: Mike Paterson
1

It's another day of large option contracts casting a shadow 26 May

Yes folks, believe it or not we've had enough evidence this week, and before, that these expiries do have an impact and we ignore at our peril ( not that I ever do of course having seen the price action play out first hand in my interbank days).

Further to my regular daily post and numerous references in other posts I also highlighted these in Monday in my weekly preview and the amounts have grown since at key levels.

Here's a summary.

  • EURUSD:1.1000 (EUR 3.68bln) 1.1050-60 (1bln) 1.1130 (1.2bln)1.1200 (2bln)1.1250 (1.1bln)
  • USDJPY110.00 (USD 811m) 110.30-40 (691m) 111.00 (1.45bln) 111.25-35 (1.7bln) 111.50 (545m)111.70 (765m) 112.00 (897m)
  • AUDUSD: 0.7420-30 (AUD 460m)

Currently we're seeing USDJPY gravitate to 111.00 and EURUSD retreat through 1.1200 by way of example, not to mention AUDUSD holding 0.7420 earlier.

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 which cease to be once hit.

For my latest post on how to use this info click here.

Anyhow, I'm off now to make the most of this UK heatwave before the floods descend.

Have a good week-end everyone, thanks for your support/input as always and remember,

   

View More

View Full Article with Comments 1

Author: Mike Paterson

More from the order boards 26 May

Here's the latest on other key pairs 26 May 0.9706 near session lows. Save-haven CHF demand prevailing still USDCHF:  Offers: 0.9750  0.9780 Bids:   

View More

Author: Mike Paterson

EURJPY orders 26 May - Yen demand prevails again

Currently 124.74 from 125.30 Asian highs Risk sentiment changes still dictating the play along with GBPJPY. Offers: 125.00 125.30 125.50  Bids:  124.30

View More

Author: Mike Paterson
10

USDJPY orders 26 May - Sellers prevailing again

Currently 111.30 just off session lows Yen pairs a tad higher though as USD sellers prevail on other core pairs. in play. Large option expiries I remain a rally seller but good two-way business to be had if you prefer the other side.

View More

Author: Mike Paterson

Forex option expiries for the 10am New York cut 26 May

Forex option expiries for the 10am NY (14.00 GMT) cut 26 May - EURUSD:  1.1075 (334m) 1.1100 (560m) 1.1300 (328m) - USDJPY:  110.30-40 (691m) 110.50-60 (516m) 111.50 (545m)  112.50 (531m) A few large ones in play again today.

View More

Author: Mike Paterson

More from the order boards 25 May

Here's the latest on other key pairs 25 May 0.9724 after 0.9700 lows. USD demand returning. SNB never far away either.  USDCHF:  Offers: 0.9750 

View More

Author: Mike Paterson

EURGBP orders 25 May - Steady as she goes

Currently 0.8653 trawling near session lows Steady after holding 0.8600 yesterday and rallying to 0.8662 UK Q1 GDP data at 08.30 GMT Offers:0.8665     Bids:   0.8650 0.8570

View More

Author: Mike Paterson
6

GBPUSD orders 25 May - Q1 GDP the data risk shortly

Currently 1.2988 in another quiet start to the session Latest Q1 GDP revision at 08.30 GMT I remain a rally seller but good two-way business to be had still if you prefer to buy the dips. Dovish FOMC Minutes helping support after yesterday's drop below 1.2930

View More

Author: Mike Paterson

EURJPY orders 24May - Range-trading prevails still

Currently 125.09 tightly bound Core pairs and risk sentiment changes still dictating the play. Offers: 125.30 125.50 125.80 126.00 Bids: 125.00 124.30 123.50

View More

Author: Mike Paterson

AUDUSD orders 24 May -

Currently 0.7462 after the retreat to 0.7443 Finding a few buyers down there after the China downgrade-led fall. Large-ish option expiries lurking on both sides

View More

Author: Mike Paterson

More from the order boards 23 May

Here's the latest on other key pairs 23 May 0.9712 near session lows as EURUSD remains firm. SNB will be watching still. USDCHF:  Offers:  0.9750 0.9785

View More


More Headlines