Once again we have large option contracts in play 10 July
Further to my regular daily post and other references just another heads up before I go that we have decent size EURUSD and USDJPY contracts in play today.
Be as cynical as you want but it's more than coincidence that we have large USDJPY interest between 114.20-30 and the pair's capped at the top of that spread. We also have interest between 114.00-190 which is containing the falls apart from the general USD demand.
Similarly large interest at 1.14040-50 and 1.1400 has helped push the pair lower to 1.1382.
As often happens we could well see a spike back into/around expiry time of 14.00 GMT so be aware.
Remember that these are "vanilla" options so still in play right up to expiry at 14.00 GMT on the day even if breached in the meantime, unlike barrier options which cease to be once hit. The actual amounts can change right up to expiry.
For my latest post on how to use this info click here.
The clock as ever is ticking.
