Large FX option contract expiries in play again 1 Feb
After yesterday's range-containment impact we're having a groundhog day moment again with more contracts rolling off at 1.2400 and 1.2500 today at 15.00 GMT
Currently 1.2443 after 1.2463 highs earlier and with support/protection seemingly in place now between 1.2420-30 after the early-European rally from 1.2385.
Less than 45mins to go now so keep these levels in mind. Always two-sides to an option contract. No guarantees on price action post-expiry though. Much will depend on prevailing sentiment/trend as to extent of any reaction.
Remember these are vanilla options and in play right up until expiry even if breached unlike barrier options which cease to be once broken.
Barrier option on EURUSD at 1.2600 still there but out of range today.
For more info on how to use this data, please refer to my post here.
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