Story
Billions in Currency Options Set to Expire Across Major Pairs This Wednesday
Summary
Several major currency pairs, including EUR/USD and USD/JPY, are facing the expiration of options contracts worth billions of dollars on Wednesday. This event could potentially influence price movements around the specified strike prices.
A significant volume of currency option contracts is scheduled to expire on Wednesday, with a total notional value in the billions of dollars across several major pairs, according to data from the Depository Trust & Clearing Corporation. Such large expiries can sometimes act as price magnets, potentially leading to increased trading activity as the deadline approaches.
The EUR/USD pair has several large expiries, including contracts worth €1.88 billion at the 1.1400 strike price, €1.33 billion at 1.1500, and €960 million at 1.1750. Additional large contracts for the pair are scheduled to expire on July 10.
For the USD/JPY pair, Wednesday's expiries include $1.12 billion at the 164.50 strike, $1.05 billion at 160.00, and $949.6 million at 163.50. A larger strike worth $3.42 billion is scheduled for July 13.
AdOther notable expiries include a £1.37 billion contract for GBP/USD at the 1.3350 strike price. The USD/CAD pair has expiries of $731.4 million at 1.4250 and $594.3 million at 1.4100. Several other pairs, including AUD/USD, USD/CNY, and NZD/USD, also have contracts expiring.