Large option contracts rolling off today are making their presence felt 21 Oct
EURUSD contracts at 1.0920-25 look to have had an impact in Asia and those at 1.0900 are playing out as I type with the bounce from 1.0878 failing to hold gains into 1.0905.
We can expect the expiries to keep ranges contained as both sides defend their corner.
Similarly we have GBPUSD expiries at 1.2245 that will have had a say on the earlier cap around there. Talk that the BAT merger deal may have a cash element of $20bln also being cited as a GBP-bearish factor.
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.
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I'm out of here now. Have a great week-end one n all and thanks again for your terrific input and support.
I hope we've made/save a few more pips this week.
