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Question: Strike interests

Discussion in 'Beginners Bootcamp' started by PKL, Jan 3, 2008.

  1. PKL

    PKL Recruit

    Joined:
    Dec 22, 2007
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    Hi all,

    What's the significance of announcements like this?

    "a 3-week 0.8650 option strike traded at 13.2 pct in Asia today. AUD/USD was last at 0.8650 on December 21."

    There are also "option expiries". I understand the general concept of options, but I'm not clear on how they can affect the direction of a currency pair.

    PK
     

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