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Large Option Expiry At NY Cut

NZD

There is a close option expiry at NY cut today, based on the latest DTCC data.

  • At $0.5850 strike there are ~$610mn of NZD Puts expiring today, this is the only expiry of note on Tuesday.
  • Overnight implied ATM volatility is well within recent ranges at 9.9350% implying a $0.5800-$0.5880 range today.
  • Technically NZD/USD remains in a downtrend, support comes in at $0.5770 the YTD low. Bulls first target $0.5880, the 20-Day EMA.

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