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Forex » Main Discussions » Forex Beginner Talks » Strike interests
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Old 03-13-2008, 07:25 AM
Junior Member
 
Join Date: Mar 2008
Posts: 22
Exclamation Strike interests

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.
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