We hear that a portion of the exotic options struck at 1.5000 roll off (expire) this morning at 10 am New York time. (The vast majority of over-the-counter options expire at that time on a daily basis). There is an $8 mln payout at stake, so if upside momentum materializes, there are eight million reasons for one side to want it up and the other side to keep it down…Could be fun. EUR/USD trades now at 1.4849.