In my usual early session post I reported a large ($8bln) USDCAD expiry for today’s 10am NY cut. Bloomberg are now reporting a revised amount of $5.8 bln but either way this is a massive amount and likely to draw the pair further toward 1.1000 as the time approaches.
USDCAD is not a very liquid pair so beware sharp movement ahead and after the cut.
I’m still trying to get some more info on how much are calls or puts but I’m sure Adam will have some more detail later
Add: The expiry is a mixture of calls and puts and is made up of a total of 35 trades I’ve just found out.
Note also the various decent size USDJPY options in close proximity 101.80 (USD 1.36 bln ) 101.90 (USD 426m) 102.00 (USD 1.67bln) 102.10 (USD 232m)
For further info on trading around these times and expiries see my previous post ” How to use the option info”
