The following is a detailed rewrite and expansion of the original Forex article from InvestingLive.com titled “FX Option Expiries for Monday 3 November 10AM New York Cut,” authored by the InvestingLive Editorial Team. The content has been rewritten and expanded for clarity, depth, and comprehensiveness, and all credit is attributed to the original authors.
Source: InvestingLive.com (Original article by InvestingLive Editorial Team)
URL: https://investinglive.com/Orders/fx-option-expiries-for-monday-3-november-10am-new-york-cut-20251103/
Overview: FX Option Expiries and Market Implications for Monday, November 3
At 10:00 AM Eastern Time (New York cut) on Monday, November 3, a sizable group of FX options are set to expire. This batch of expirations has the potential to influence spot price levels in a number of major currency pairs. Traders, institutional investors, and market makers are advised to pay close attention to these expiry levels, as they frequently act as short-term magnets for price action, especially in thin or range-bound markets.
Option expiries are a vital technical signal, as they often pinpoint areas of price gravity where market participants have hedging interest. These levels can impact volatility and serve as intraday support or resistance zones. Understanding the size and distribution of these expiring options can be a critical part of planning trading strategies.
Below is a breakdown of key FX option strikes and their notional values expiring on November 3 at 10 AM EST:
EUR/USD
– 1.0600: Approximately 800 million euros
– 1.0650: Roughly 500 million euros
– 1.0700: Notably larger at around 1.2 billion euros
– 1.0750: Around 600 million euros
– 1.0800: Moderate volume near 650 million euros
Analysis:
The EUR/USD pair features a clear clustering of expiring options between 1.0650 and 1.0800. The 1.0700 level stands out as the largest concentration point for expirations, suggesting a “gravitational zone” that could attract the spot rate toward that level. Strong interest at 1.0600 and 1.0800 also represents possible barriers in either direction. If EUR/USD remains in a range-bound environment on Monday, price may gravitate toward 1.0700 and experience resistance or support near that level.
GBP/USD
– 1.2100: Estimated 450 million British pounds
– 1.2150: Close to 600 million pounds
– 1.2200: Substantial interest with approximately 900 million pounds
– 1.2250: 470 million pounds
– 1.2300: Around 500 million pounds
Analysis:
The heaviest concentration of option interest in GBP/USD lies at the 1.2200 handle. This is likely to act as a near-term magnet for the spot price, especially in the absence of major catalysts. If sentiment remains neutral or if volatility contracts, mean-reverting flows could dominate and drive the price closer to the 1.2200 expiry zone. Traders should also keep an eye on nearby levels at 1.2150 and 1.2250, which feature medium-sized expiries that may also influence intraday sentiment.
USD/JPY
– 149.00: Large-sized expiry of approximately 1.1 billion USD
– 149.50: Moderate volume around 760 million USD
– 150.00: Even larger exposure nearing 1.4 billion USD
– 150.50: Moderate exposure near 720 million USD
– 151.00: Smaller cluster of about 580 million USD
Analysis:
The USD/JPY option expiries show a very heavy bias around the 149.00 to 150.
Explore this further here: USD/JPY trading.