Multiple foreign-exchange option contracts carrying multibillion-dollar notionals are slated to lapse on Wednesday, according to data from the Depository Trust & Clearing Corporation. The expiries span a number of major currency pairs and include several strikes with large notional values.
Key expiries noted for EUR/USD include:
- 1.1400 strike worth 1.88 billion
- 1.1500 strike worth 1.33 billion
- 1.1750 strike worth 960 million
Additional EUR/USD strikes are scheduled for July 10, including a 1.1300 strike worth 1.63 billion and a 1.1405 strike worth 1.24 billion.
USD/JPY expiries listed for Wednesday include strikes at 164.50 worth $1.12 billion, 160.00 worth $1.05 billion and 163.50 worth $949.6 million. The data also show a larger USD/JPY strike at 160.50 worth $3.42 billion scheduled to expire on July 13.
For USD/CAD, expiries set for Wednesday are recorded at 1.4250 worth $731.4 million, at 1.4100 worth $594.3 million and at 1.3000 worth $560 million.
GBP/USD has a Wednesday expiry at 1.3350 valued at 1.37 billion, with additional strikes queued for July 10 including a 1.3400 strike worth 606 million.
The Wednesday expiries are not limited to those pairs. The DTCC-listed expiries also include AUD/USD, USD/BRL, USD/CNY, USD/KRW, EUR/GBP, USD/MXN and NZD/USD, each with various strike prices and associated notional amounts.
This set of expiries highlights a concentration of options across major currency pairs and specific strike levels on and around the midweek expiration date, with further notable expiries scheduled in early July for several pairs.