Nov 10 (Reuters) - The cash hedging of soon-to-expire FX option strikes can bolster nearby support and resistance levels, whilst having a magnetic effect on FX price action, and there are plenty to note for the week ahead.
Stand out EUR/USD strikes are on Monday at 1.0700 on 1.2 billion euros and 1.0780 on 1.2 billion euros. Tuesday at 1.0600 on 1.7 billion euros, 1.0725 on 2.3 billion euros, 1.0740-50 on 3.3 billion euros and 1.0800 on 1.1 billion euros. Wednesday at 1.0600 on 1.6 billion euros, 1.0650-55 on 1 billon euros, 1.700 on 1 billion euros and 1.0745-50 on 1.1 billion euros. Thursday at 1.0650 on 1.8 billion euros, 1.0750 on 1.4 billion euros and 1.0850 on 1.4 billion euros. Friday at 1.0600 on 1.2 billion euros, 1.0700 and 1.0800 on 3.4 billion euros each.
Larger USD/CHF strikes expire Tuesday at 0.8750 on $650 million and 0.8800 on $743 million, Wednesday at 0.8650 on $840 million and Thursday at 0.8660 on $600 million. EUR/CHF strikes expire on Wednesday and Thursday at 0.9475 on 500 million euros each.
The biggest GBP/USD strikes expire on Monday at 1.3025 in 380 million pounds, Tuesday at 1.3000 on 411 million pounds and Thursday at 1.2950 on 344 million pounds and 1.3080-85 on 776 million pounds. EUR/GBP has 720 million euros expiring on Wednesday at 0.8305.
Stand out AUD/USD strikes expire Monday at 0.6650 on A$608 million and Tuesday at 0.6650 on A$500 million. The largest NZD/USD strike expiries on Monday at 0.5940 on NZ$606 million.
Limited USD/JPY strikes in the current vicinity so far - Wednesday has 152.00 strike expiries on $600 million and 153.00 on $826 million. Thursday at 151.25-30 on $1.3 billion and on Friday at 151.00 on $2.5 billion.
For more click on
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ EUR/USD FX option strikes expiring Nov 11-15
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(Richard Pace is a Reuters market analyst. The views expressed are his own)
((Richard.Pace@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.