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Billions in Currency Options Set to Expire Wednesday Across Major Pairs
Summary
Significant currency option contracts valued in the billions are scheduled to expire on Wednesday for major pairs like EUR/USD, USD/JPY, and GBP/USD. This event may influence price action around key strike levels.
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.