Disliked{quote} Major prime banks underwrite options at various strikes and expiries, this happens almost everyday but thursdays and month-ends are the more important ones. Say if a bank has underwritten a put option with 1.08 strike, which means the client who holds it will have the right to sell EUR @1.08, the underwriting bank tries to make this option worthless by capping the price below 1.08. If the option sizes are big this becomes more important. The expiry time is usually 10:00 am CET -US or 15:00 pm UK time. You will notice sharp movements half...Ignored
Option expiries 10am NY
EURUSD 1.0650 (EUR 607m) 1.0700 (400m) 1.0735 (600m) 1.0800 (717m) 1.0835 (455m