More FX option traders are buying EUR call strikes over recent sessions
EUR calls/USD puts give holders the right to buy EUR/USD at expiry
Strikes are mostly between 1.0800-1.0900 and expiries sub 2-week
2-week 1.0850 recently paid 5.8 implied volatility on huge 450-million euros
13 Day 1.0900 EUR calls also paid early Wednesday at similar vol level
A weak U.S. CPI print on Wednesday could give EUR/USD a further boost higher
FX options have significantly increased FX volatility risk premiums for CPI
Many large FX option strike expiries reside nearby
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