Get ready for an exciting trading day, as we dive into the world of FX option expiries! The potential for price action surprises is real, and we're here to uncover the secrets.
On December 17th, at 10 am New York time, we have a couple of key expiries to watch out for. The EUR/USD pair is in the spotlight, with expiries set at 1.1700 and 1.1750 levels. These expiries are strategically positioned around the current spot price, acting as potential anchors for price movements during the upcoming session. But here's the catch: they won't last forever, as they'll roll off later in the day.
The dollar has been relatively stable overall, recovering from its post-FOMC meeting losses. This stability has kept price action in check, with a more controlled environment so far this week. Today's economic calendar is relatively calm, which means major currency pairs are unlikely to experience extreme volatility. However, the dollar will be keeping a close eye on tomorrow's US CPI report, while the euro and pound will need to focus on the BOE.
Now, let's talk about tomorrow's expiries. USD/JPY has some relatively large expiries starting at the 155.00 mark. And get this - there are even larger expiries on figure levels ranging from 156.00 to 157.35. While they might not come into play immediately, it's worth keeping an eye on them, especially if price action extends and brings them into the spotlight.
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And this is the part most people miss: the potential for unexpected price movements due to these expiries. What do you think? Will these expiries have a significant impact on your trading strategy? Share your thoughts in the comments below!
