The cash hedging of soon-to-expire FX option strikes can often influence FX price action by adding to any nearby support/resistance and potentially draw and contain spot near the strikes – and there are plenty today and for the week ahead. Stand out EUR/USD strikes on Monday are 1.0500 on €1-billion, 1.0540-50 €1.7-billion and 1.0650 €800-million. Tuesday at 1.0500 on €1-billion and at 1.0525 and 1.0500 on €800-million each. Wednesday at 1.0500 €2-billion and 1.0600 €1-billion. Thursday at 1.0450 on €800-million and Friday at 1.0640-50 on €1.2-billion.