FX option expiries for 28 May 10am New York cut

No major FX option expiries are scheduled for the 10am New York cut on 28 May, according to the latest data. The full list of expiries shows no significant strikes that would typically draw trader attention.

For foreign exchange and currencies traders, the absence of large option expiries means that price action may be more directly influenced by broader market sentiment rather than hedging flows around specific levels. Currently, US-Iran headlines are the primary driver of risk sentiment, with markets turning more cautious as hopes for a deal fade. Conflicting statements from both sides have dampened the optimism that emerged over the weekend, when a deal was described as "imminent." This uncertainty is supporting safe-haven currencies like the yen and Swiss franc, while pressuring risk-sensitive pairs such as AUD/USD and NZD/USD. Traders can monitor these moves on NowPrice's live FX dashboard to track real-time changes.

Looking ahead, the focus remains on any further developments in US-Iran negotiations. With no major economic data releases scheduled for the rest of the week, geopolitical headlines will likely continue to dictate market direction. Traders should watch for any signs of progress or breakdown in talks, as a breakthrough could trigger a sharp risk-on move, while a collapse may fuel further safe-haven demand. The lack of option expiries reduces the risk of sudden volatility spikes around specific levels, but the underlying geopolitical uncertainty keeps the potential for sharp moves alive.