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Option Expiry Highlights for Tuesday Dec01

OPTIONS
MNI (London)
  • Nothing stand out for Tuesday's expiry calendar(DTCC) with focus seen in USD/JPY for Thursday's NY cut.
  • USD/JPY has $3.51bln of Y104.00 strikes rolling off on Dec3, $3.46bln being USD puts. Y103.00 has $1.9bln of USD puts rolling off at the same time.
  • Some suggestion that this interest is helping to keep rate buoyed above Y104.00, however level could become vulnerable dependent on risk outlook (a reversal in current risk positive outlook would pressure rate lower). Current level Y104.36
  • USD/CAD has C$1.17bln of C$1.2975 USD puts rolling off at Wednesday's NY cut, along with $990mln of C$1.2950, and C$668mln of 1.3000 USD puts expiring same time. Current level C$1.2967
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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