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Option Highlights for Monday Nov23

OPTIONS
MNI (London)
  • Asia able to take GBP/USD above its recent high of $1.3312 as Brexit trade agreement optimism appears to be gaining (last week reports suggested a possible break through early this week, with positive sounds heard from the EU side Friday).(current level $1.3316)
  • On this note GBP/USD is showing a total of Gbp647mln of GBP calls rolling off at today's NY cut which may act as an anchor unless we hear something positive from the talks.
  • EUR/GBP also has a predominance of EUR puts rolling off this week at and below Gbp0.8900. (Current level Gbp0.8916)
  • USD/JPY shows interest through the next 2 weeks for USD puts at Y103.00, and lower down at Y102.00, whilst Y104.00 shows mixed interest, Dec03 the stand out with $3.4mln set to roll off. (Current level Y103.75)
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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