Forex OTM Options: Who Trades Them? Who Offers Them? And How Much Do They Cost?

[achilles28]

I know. Vauge questions for a complex topic.

My interest centers around near expiry, vanilla options.

Specifically, Im looking for general prices for At The Money (ATM), Out of The Money (OTM) and Deep Out of The Money (DOTM) currency options (buying calls and puts) for GBPUSD that expiry within 1 to 3 days.

I've combed a few forums seeking 'ballpark' premium and strike prices regarding such options but couldn't find a hint.

I realise option prices are constantly in flux with changing market and volatility conditions. So generalizing premiums for near expiry ATM, OTM and DOTM options in an unspecified market is difficult if not impossible.

Im just looking for a rough pricing estimate. Just a whiff. I havent a clue whether premiums for near expiry GBPUSD ATM options in a non news environment are 50 pips or 200 pips.

My questions:

What is the average premium paid for a GBPUSD ATM option expiring in 2 days? In a non news environment? Rough estimate?

What difference between the strike nad underlying must a GBPUSD option exhibit before it can be considered Deep Out of the Money? Assuming said option is expiring within 2 days in a non news environment? Ball park?

How much would you guess that premium would be on the GBPUSD DOTM option if it were to expiry 2 days from the time of sale?


I hope my questions were sufficently precise to allow general comment?? If they wernt perhaps I could post a few recent dates and times im seeking prices for?