FX Options Insights 06/12/24
EUR/USD options are slated to expire at Friday’s New York cut, coinciding with payroll data that could heighten market volatility. These expirations involve significant trades, amounting to EUR 12.4 billion within the 1.0450 to 1.0655 range, with EUR 1.4 billion specifically between 1.0650 and 1.0655. Next week, from Tuesday to Friday, major transactions are expected: EUR 6.36 billion on Tuesday, EUR 3.9 billion on Wednesday, EUR 4.85 billion on Thursday, and EUR 16.4 billion on Friday, with strike prices spanning 1.0375 to 1.0600.
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Patrick has been involved in the financial markets for well over a decade as a self-educated professional trader and money manager. Flitting between the roles of market commentator, analyst and mentor, Patrick has improved the technical skills and psychological stance of literally hundreds of traders – coaching them to become savvy market operators!