Anyone know any good options resources?

Would like to know if anyone knows of any good resources related to Options and their effect on the FOREX market?

Cheers

I looked for the same thing a while ago, didn't really find much. I only have what DS posted around here plus some snippets of a deleted post of his that someone quoted long ago re options' effect. Plus Mike (mbqb...something) posted a good post from DS from his mentorship re options on the J16 PF which I saved when I was temporarily a member there. I also got this book on currency options but that didn't explain too much in that sense, though it helped in option knowledge... have had to use mainly logic and imagination so far unfortunately to deduce effects.

hm therre could be a good reason for this

Thanks ET

Hi Cindy,

I dont't know what you mean exactly, but i've seen somewhere that spot fx operations doesn't have major volume in fx market - only around 30 percent...in the same text i've seen that fx options make around 50 percent in volume....hovewer i don't know how reliable is this resource, maybe someone with bigger experience could tell us more about this....

in my Oanda platform, news feeds i have news from IFR markets and option maturity calendar, with exact date when they expiry(or can be exercised),strike and the amt of them, but it is hard to iplement that into trading, because you don't know specification of that option, if it's put or call, vanilla or binary it doesn't matter at all, but there is only strike, but you don't know if it has KO or KI levels and so on....so you can't know if it is eurcall usdput K 1.29 with KI 1.29 so they will probably try to push the price through 1.29 until expiration, or if it is eurput usdcall K 1.29 with KO 1.29 so they will probably try to keep it under 1.29 until expiration....there is so much variety in options, that i really doubt there can be some "prediction" what the big player will do in that moment....i think it could only be done with good discretion skills and PA reading...for example if you watch eurusd and you know that 500mio option is expiring that day(eu options expires on 14:00 GMT) and you see some good action(probably spikes or strong PA) on 13:30 around round numbers because it's the place where are being placed strikes,KO,KI - i mean for example "protecting" to touch some round number with strong PA so it could means that KO is placed here....i don't know if you get what i'm trying to say english is not my native language so hope that it makes sense to you

Hope that I've helped you a little...
if you would want the news feed from oanda about options maturity just let me know i will try to take a screens for you

regards Mike.