Insights 
VT 
The FX option expiries for 6 June at 10 AM New York time include various currency pairs with specific amounts set to expire. For EUR/USD, expiries are noted at 1.1500 with EUR 3.19 billion, 1.1400 with EUR 2.38 billion, and 1.1300 with EUR 1.28 billion.
USD/JPY shows expiries at 146.00 for US$ 1.35 billion and 142.00 for US$ 2.08 billion. Details for GBP/USD include 1.3600 with GBP 413 million and 1.3410 with GBP 896 million.
USD/CHF expiries occur at 0.8300 for CHF 415 million and 0.8250 for CHF 470 million. For USD/CAD, amounts are US$ 1.11 billion at 1.4040 and US$ 1.13 billion at 1.3600.
AUD And NZD Expiries
AUD/USD has an expiry at 0.6300 with AUD 1.64 billion. Lastly, NZD/USD is recorded at 0.5590 with NZD 766 million.
The data outlines upcoming foreign exchange option expiries, specifically pinpointing strike prices tied to large open interest amounts set to mature on 6 June at 10:00 AM New York time. In simpler terms, these are price levels in various currency pairs where notable quantities of options contracts are due to expire. The expiry itself is an important moment because it can cause the spot price—the current trading level—to hover near these strikes as traders adjust positions.
Take the EUR/USD pair as an example. There are three key levels where a considerable number of contracts terminate: 1.1500, 1.1400, and 1.1300, each with progressively decreasing volumes. The largest cluster lies at the top, near 1.1500, with over €3 billion tied to that level. These amounts can often act as magnets for price action as expiry nears. It’s not a rule, but repeated observation supports this behaviour. What that tells us is straightforward: if the spot rate is nearing a key expiry level with large volume, momentum may slow or temporarily reverse.
Impact Of Major Expiries
Looking at USD/JPY, we find an expiry of more than $2 billion at 142.00 and another chunk at 146.00. Not evenly split, no—more weight sits lower, near 142.00. This suggests hedging flows or tactical movement might favour containment around that area. Again, this doesn’t predict the spot price will land precisely there but does raise the probability of reduced volatility just above or below those brackets.
In Sterling, the larger position is found at 1.3410, with nearly £900 million in notional value. There’s another expiry slightly higher, but the size difference is marked. So, we’d likely expect interactions, if any, to concentrate around that middle region. Price could drift towards that threshold as traders adjust delta hedges or attempt to keep options settling favourably.
When considering USD/CHF, both 0.8300 and 0.8250 show expiring volumes, the lower of the two housing slightly more franc exposure. These figures aren’t overwhelming, yet within a thinner-volume environment, even numbers like these can influence short-term direction. It may only take a modest shift in order flow to influence where things settle.
USD/CAD has two notable pockets—1.4040 and 1.3600—with sizeable dollar figures at both. The fact that they’re relatively far apart in price hints that there’s not a clear gravitational pull toward either strike. Instead, we may observe a broader corridor within which movement feels less anchored. In scenarios like these, short-term strategies often need more flexibility rather than tight levels.
The Australian dollar sits quietly at 0.6300 with a moderate expiry size. Though not the largest on the board, its positioning could still shape end-of-week flows, especially if short-term momentum aligns with the strike. It’s not massive leverage, but it’s enough under the right conditions to offer a directional cue.
The NZD/USD position is somewhat smaller—at 0.5590, with just over NZD 750 million. Compared to others, this doesn’t carry the same weight, yet in a lightly traded session or thinner hours, such exposure shouldn’t be entirely written off. Even medium-sized expiries can cause a reaction when liquidity dries up.
Keeping all this in mind, we tend to treat these expiry zones as short-term friction points. They can slow down or redirect price, especially in the hours just before options cut. What we often do is monitor whether the price is approaching one of these levels during the London or early New York session—that gives time for flows to play out.
Reacting early is often less helpful. Waiting patiently and mapping out risk around these levels has generally proven more useful. Large expiries don’t always trigger immediate reactions, but they offer a window into what other participants might be watching—and that, in itself, is valuable.
Data of this kind doesn’t forecast the future—it spots areas where behaviour might shift temporarily due to mechanical forces. That’s often enough. We’ve found it worthwhile not to trade directly off it, but to use it in combination with price action and volume patterns.
In general, if we know where expiry clusters are, we can manage entries and exits more sensibly. There’s also the benefit of avoiding surprise reversals during these windows. That isn’t academic theory, just observed experience.
