FX OPTIONS: EUR/USD Large 1.3265 Expiry at Year-End

A large 1.3265 option strike reportedly rolls off at next Friday's year-end NY cut (Dec 29). A E350mn 1.3100 strike also expires a week today, as does a E350mn 1.3400 strike, and a 1.3950 exotic One Touch option carrying an estimated E12mn payout. Pre-1.3950 exotic barriers are located at 1.3400, 1.3425, 1.3450, 1.3500, 1.3550, 1.3600, 1.3630, 1.3700, 1.3800, and 1.3900. EUR/USD scaled a 21-month peak of 1.3370 at the start of this month (Dec 4). Spot notched its all-time peak of 1.3667 in late December 2004 (post-Xmas).