📊 August 21, 2025 — FX Option Positioning (by Pair)
🇪🇺 EUR/USD (EUR Notional)
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1.1470: €1.4B
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1.1550: €953M
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1.1600: €1.6B
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1.1670: €1.2B
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1.1700: €2.6B
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1.1750: €2.8B
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1.1800: €3.8B ✅ Largest
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1.1830: €1.9B
📌 Overwhelming concentration at 1.1800 (€3.8B).
Strong magnet zone between 1.1700–1.1750 (over €2B each), forming a heavy topside cluster.
🇺🇸 USD/JPY (USD Notional)
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145.95: $890M
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146.80: $1.7B ✅ Largest
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148.50: $823M
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149.00: $1.2B
📌 146.80 ($1.7B) = gravity point.
→ Expect consolidation near 147.00, with 149.00 as upside target if broken.
🇬🇧 GBP/USD (GBP Notional)
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1.3650: £884M
📌 Standalone strike at 1.3650, likely to act as a magnet into NY cut.
🇦🇺 AUD/USD (AUD Notional)
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0.6500: A$641M
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0.6600: A$1.4B ✅
📌 Strong magnet at 0.6600, pulling spot toward the top of the recent range.
🇨🇦 USD/CAD (USD Notional)
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1.3770: $630M
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1.3820: $799M
📌 Strikes clustered around 1.3800 zone, reinforcing convergence risk near mid-1.38s.
🇳🇿 NZD/USD (NZD Notional)
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0.5980: NZ$660M ✅
📌 Single thick strike at 0.5980, acting as a downside floor magnet.
🇪🇺🇬🇧 EUR/GBP (EUR Notional)
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0.8600: €1.4B ✅
📌 Major concentration at 0.8600, forming a strong gravitational pivot.
📊 Strategy Takeaways (Option Floor Perspective)
| Pair | Key Level(s) | Note |
|---|---|---|
| EUR/USD | 1.1800 (€3.8B) | Dominant magnet; heavy topside resistance at 1.1700–1.1750 |
| USD/JPY | 146.80 ($1.7B) | Center of gravity near 147.00; 149.00 is the key ceiling |
| GBP/USD | 1.3650 (£884M) | Single strike; sticky into NY cut |
| AUD/USD | 0.6600 (A$1.4B) | Strong magnet, risk of pull higher |
| USD/CAD | ~1.3800 ($1.4B total) | Convergence around mid-1.38 zone |
| NZD/USD | 0.5980 (NZ$660M) | Acts as short-term floor |
| EUR/GBP | 0.8600 (€1.4B) | Strong pivot magnet |
👉 Key Focus Today:
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EUR/USD 1.1800 (€3.8B) = largest strike cluster.
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USD/JPY 146.80 ($1.7B) = dominant magnet near 147.00.
These two levels are the most important gravitational zones into the NY cut.
⚖️ 15-min Power Balance
EUR = GBP = USD > CHF > CAD > NZD > AUD > JPY
