The 103 options and barrier at 103 is being mooted as the main reason for holding below. I haven ‘t got the info but we can assume the are of a reasonable size.
Both of them are going off today at 14.00 gmt and the market chatter is that this will open the gates for a push higher.
There are 103 option expiries through the early part of next week but particular attention is being paid to the barrier today.
Usual rules apply, as in don’t hang your hat on the option trades, but bear them in mind when monitoring the price action both now and towards the expiry.
If I get my shorts on I’m going to keep my stop very tight now based on this news alone.
