Yes folks, there's some option contract interest playing out again 7 Feb
Further to my regular daily post just another heads up that we have USDJPY contracts rolling off at 109.30 and 109.60 at 15.00 GMT
No great surprise then that the rally from 108.93 lows in early Europe should run out of steam around 109.35 so far with 109.55 capping in Asia. Underlying demand seen since though. Always two sides to an option contract even if its not the only story in town today.
AUDUSD held 0.7855 earlier too with 460m rolling off at 0.7850 but now testing the level again. Coincidence ? Possibly but I'm still saying it's having influence. Large expiries too on Friday will help to contain range
0.7800 (AUD 2.6bn) 0.7900 (AUD 2.3bn)
Remember these are vanilla options and in play right up until expiry even if breached in the meantime unlike barrier options which cease to be once broken.
For more info on how to use this all data, please refer to my post here.
