FX option expiries on June 19 at 10 a.m. New York time are significant for EUR/USD at levels 1.1475 and 1.1500. While these expiries could sway price movement, their actual impact remains uncertain. Market activity might be low due to the US holiday unless unexpected news arises from the Middle East. For more insights on using this data, refer to the relevant post. The focus is on two near-term foreign exchange option expiries—EUR/USD at 1.1475 and 1.1500—set to settle at 10 a.m. New York time on June 19. These levels indicate that traders may have short-term interests in those areas. Although large expiries can sometimes attract prices, their actual influence is unclear without extra volume or market drivers. With the holiday, many traders might reduce intraday risk, especially when liquidity is low and there’s no strong direction. Unless there’s a major geopolitical event, like rising tensions in the Middle East, we shouldn’t expect a big price move during the expiry. From the derivatives market perspective, caution is key in the coming days without losing alertness. We should closely watch volatility pricing, especially since spot levels are near high-interest expiry points. Some traders might look for short-term volatility trades near those strikes. However, we suggest gradually positioning ourselves to benefit from price pinning if those key levels draw in spot prices. Rather than chasing direction in a quiet market, focusing on technical levels during the day can help adjust gamma exposure and intraday deltas. While liquidity may be thinner, sharp moves could extend further before liquidity providers intervene, making disciplined hedging essential. It’s important to note that when New York traders are offline, fewer big players are active around the cut. This makes the 10 a.m. expiry less dependable as a pressure point unless there’s unusual open interest. It’s a good idea to check not just the size of those strike levels but also the traded option volumes. If we find that volatility is underpriced compared to known events in the next few days, even a quieter market might present good risk-reward opportunities on defined premium fades. On the other hand, if we observe a firming upper skew, safer plays for uncertain events could include cheaper calendar spreads or tight call ratio setups above the 1.1500 level mentioned earlier. This outline is not a directional prediction but a guide to understanding short-term pricing and identifying tradable imbalances. Although major catalysts are few and macro drivers are calm, the structure of expiry can offer brief, exploitable advantages when approached carefully.

here to set up a live account on VT Markets now