Foreign exchange (FX) options expiries for March 1 New York cut at 10:00 Eastern Time, via the Depository Trust & Clearing Corporation (DTCC), are listed below.
For EUR/USD, the expiries are for EUR amounts of 1.0425 with 1.7 billion, 1.0450 with 793 million, 1.0500 with 1.8 billion, 1.0590 with 1.2 billion and 1.0690 with 1.4 billion.
For USD/JPY, the expiries are for USD amounts.
For AUD/USD, the expiries are for AUD amounts.
For USD/CAD, the expiries are for USD amounts of 1.3580 with 500 million, 1.3620 with 859 million and 1.3750 with 800 million.
For NZD/USD, the expiries are for NZD amounts.
For EUR/GBP, the expiries are for EUR amounts.
Options expiries are an important part of the foreign exchange market. An option expiry is the date when a currency option contract ends and the option is no longer available for trading. A currency option contract is an agreement between two parties, the buyer and the seller, to exchange a certain amount of one currency for another at a predetermined rate on a specified date.
Option expiries can have a significant impact on the foreign exchange market. When an option expiry occurs, the option contract is settled and the underlying currency pair is affected by the settlement. The settlement price of the option contract can affect the current market price of the underlying currency pair.
Option expiries are also important for traders. Traders use option expiries to determine when to enter or exit a position. For example, if a trader has a long position in a currency pair and the option expiry is approaching, the trader may decide to close out the position before the expiry date in order to avoid the risk of the option expiring out of the money.
Option expiries can also be used to take advantage of market movements. If a trader believes that the market is going to move in a certain direction, they can use an option expiry to take advantage of the expected movement. For example, if a trader believes that the EUR/USD is going to appreciate, they can buy a call option expiring at the end of the day. If the EUR/USD does indeed appreciate, the trader can then exercise the option and make a profit.
In conclusion, option expiries are an important part of the foreign exchange market. They can have a significant impact on the market and can be used by traders to take advantage of market movements. It is important for traders to be aware of the option expiries in order to make informed trading decisions.
