Summary: Several major currency pairs carry sizable option expiries set for Wednesday's New York cut. The expiries include large dollar-based positions across yen, peso, real, Canadian dollar and Chinese yuan pairs, as well as substantial euro-denominated options in the euro-dollar market. Additional large strikes are scheduled to mature on June 18 and June 22 for a number of these pairs.
Data from the Depository Trust & Clearing Corporation show concentrated open interest across multiple strike prices and dates. The dollar-yen complex has sizeable expiries this Wednesday: $1.09 billion in options at the 158.00 strike, $749.6 million at 157.25 and $691.1 million at 158.50. The dollar-yen chain also contains large upcoming expiries, including $1.86 billion at 163.00 on June 22 and $1.79 billion at 155.00 on June 18.
In the euro-dollar market, option expiries are substantial and denominated in euros. Wednesday expiries include 974.1 million euros at 1.1450, 560.9 million euros at 1.1500 and 496.2 million euros at 1.1560. Separately, the pair has a very large block of 8.73 billion euros in options at the 1.1500 strike that expire on June 18.
The dollar-Mexican peso market shows concentrated expiries at a range of strikes for this Wednesday: $629.5 million at 17.24, $546.6 million at 17.37 and $471.4 million at 17.60. The peso pair also has notable forthcoming strikes on June 18, including $663.9 million at 17.60 and $660 million at 17.20.
Australian dollar options expiring Wednesday are sizeable and reported in Australian dollars: 933.3 million AUD at 0.6650, 767.3 million AUD at 0.7350 and 560 million AUD at 0.6825.
Other dollar-denominated expiries scheduled for Wednesday include $1.8 billion in options at 6.7928 for the dollar-Chinese yuan pair and $767.5 million at 5.1100 for the dollar-Brazilian real.
The dollar-Canadian dollar pair does not show any large strikes expiring on Wednesday. Market participants should note an upcoming notable strike of $884.1 million at 1.3735 that expires on June 18.
These documented expiries reflect concentrated option open interest across several currency markets for the New York cut and include additional large strikes scheduled for mid-June.