Dear Forex Factory Members and Guests
Yesterday I posted the 10am Eastern options expiry for today, Wednesday, July 16, 2014.
I posted the current market price at the time I made the post - please see below in red.
GBP/USD
Options Expiry for Wednesday, July 16, 2014
1.7155 - pay out US$200 million
1.7152 - Current Market Price at 12:05pm easterm
1.7100/05 pay out US$388 million
1.7075 pay out US$201 million
1.7050 pay out US$200 million
1.7025 pay out US$152 million
1.6925 pay out US$130 million
Lets look at what happened today.
Since 12:05pm eastern yesterday, up until today, Wednesday, July 16, 2014 10am Eastern options expiry, a total of 22 hours past and what did price action do?
Price action respected the 1.7155 level above the current market price 1.7152 at the time and it also respected the 1.7100/05 level below.
See Example below
1.7155 Options Expiry 10am Eastern
1.7151 High For The Day - the time was 4:15am eastern
1.7109 Low For The Day - the time was 4:30am eastern
1.7100/05 Options Expiry 10am Eastern
Do you now see how these Options Expiry's can give you a strong indication of how price will react. Its not 100% bulletproof, but it can be used as another factual and valuable tool when analyzing the market and planning your trade.
HDA OUT
Yesterday I posted the 10am Eastern options expiry for today, Wednesday, July 16, 2014.
I posted the current market price at the time I made the post - please see below in red.
GBP/USD
Options Expiry for Wednesday, July 16, 2014
1.7155 - pay out US$200 million
1.7152 - Current Market Price at 12:05pm easterm
1.7100/05 pay out US$388 million
1.7075 pay out US$201 million
1.7050 pay out US$200 million
1.7025 pay out US$152 million
1.6925 pay out US$130 million
Lets look at what happened today.
Since 12:05pm eastern yesterday, up until today, Wednesday, July 16, 2014 10am Eastern options expiry, a total of 22 hours past and what did price action do?
Price action respected the 1.7155 level above the current market price 1.7152 at the time and it also respected the 1.7100/05 level below.
See Example below
1.7155 Options Expiry 10am Eastern
1.7151 High For The Day - the time was 4:15am eastern
1.7109 Low For The Day - the time was 4:30am eastern
1.7100/05 Options Expiry 10am Eastern
Do you now see how these Options Expiry's can give you a strong indication of how price will react. Its not 100% bulletproof, but it can be used as another factual and valuable tool when analyzing the market and planning your trade.
HDA OUT