Market news

16 May 2019

Options levels on thursday, May 16, 2019

EUR/USD

Resistance levels (open interest**, contracts)

$1.1330 (4317)

$1.1299 (3074)

$1.1276 (1381)

Price at time of writing this review: $1.1209

Support levels (open interest**, contracts):

$1.1159 (8117)

$1.1124 (5233)

$1.1084 (4252)


Comments:

- Overall open interest on the CALL options and PUT options with the expiration date June, 7 is 117732 contracts (according to data from May, 15) with the maximum number of contracts with strike price $1,1500 (9037);


GBP/USD

Resistance levels (open interest**, contracts)

$1.3043 (1004)

$1.3009 (496)

$1.2978 (369)

Price at time of writing this review: $1.2849

Support levels (open interest**, contracts):

$1.2821 (1383)

$1.2786 (2427)

$1.2731 (3587)


Comments:

- Overall open interest on the CALL options with the expiration date June, 7 is 39068 contracts, with the maximum number of contracts with strike price $1,3450 (3281);

- Overall open interest on the PUT options with the expiration date June, 7 is 38298 contracts, with the maximum number of contracts with strike price $1,2700 (4297);

- The ratio of PUT/CALL was 0.98 versus 1.00 from the previous trading day according to data from May, 15

* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

** - Open interest takes into account the total number of option contracts that are open at the moment.

Market Focus
  • UK PM Theresa May says that she is to step down on 7 June
  • UK retail sales remained unchanged in April
  • Italy’s Deputy Prime Minister Salvini says EU fiscal rules must be changed
  • President Trump says 'dangerous' Huawei could be included in U.S.-China trade deal

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