AUD/USD: Large option expiries at .8900 today

From the FXWW chatroom:

About 900mln worth of 89 cent AUD/USD option maturities today…….overwhelming amout of puts ……….a lot of people will be short at 89 cents………or maybe not

  1. As puts give the right to sell, the portfolio behind the puts may in fact be exiting Australian assets (like shares which has been the talk) leaving the option makers and short term specs long of AUD at 89.

    The break of 0.8890 is not good for the pair, USD$0.85 seems quite achievable over the net few weeks.

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