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The market pin risk report shows large options expiring in the next five days that Saxo Bank has observed on the over-the-counter (OTC) FX options market.
Note that positions of a significant size can have an influence on the underlying FX spot rate. Furthermore, FX Options strikes in large notional amounts, when close to the current spot level, can have a magnetic effect on spot prices. That is, the spot may trend around those strikes as the holders of the options hedge the underlying delta.
Strike values, presented in red, indicate sizeable open interest close to the current FX spot rate.
FX Options Analytics: Vols, Risk Reversals & Pin Risk: 0700 GMT
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