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OPTIONS - USD/CNH volumes capped, 1month off early high

  • 1month traded 4.35 on Friday and 4.7 today, but lower again since

  • 2month traded 4.8 today, 6month 5.0-4.95, while 1year 8.50 paid 12.9-13.0

  • Closer in and 11 May 6.3135 was paid at 4.5 and 4.6

  • Volumes expected to stay capped with spot south of 6.3000

  • Initial support in 1month is 9 March lows at 4.0-3.9

Source: Thomson Reuters

 

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