Can someone who trades options, please explain me, what does it means, when a new afloats in the market such as Options Expiring for Eur/Usd at 1.2750 How does it affects the Spot Market ? What does it mean by the expiry ? Does it mean spot price need to go in that level, meet the expiry of option, and than the price will go upside or downside. Appreciate your detailed response. thanks.