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Billions in Currency Options Set to Expire Wednesday Across Major Pairs
A substantial volume of currency option contracts is set to expire on Wednesday, which could impact trading activity across several major foreign exchange pairs. According to data from the Depository Trust & Clearing Corporation, these expiries represent billions of dollars in notional value.
For the EUR/USD pair, notable expirations include contracts worth €1.88 billion at the 1.1400 strike price, €1.33 billion at 1.1500, and €960 million at 1.1750. The GBP/USD pair has a significant expiry of £1.37 billion at the 1.3350 strike price.
In the USD/JPY market, options valued at $1.12 billion will expire at the 164.50 level, with an additional $1.05 billion at 160.00. For USD/CAD, expiries include $731.4 million at the 1.4250 strike and $594.3 million at 1.4100.
AdOther pairs with scheduled Wednesday expiries include AUD/USD, USD/BRL, USD/CNY, USD/KRW, and NZD/USD. Market participants are also noting further large expiries scheduled later in the week and beyond, such as a $3.42 billion USD/JPY option at the 160.50 strike set for July 13.