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πŸ“Š August 21, 2025 β€” FX Option Positioning (by Pair)

πŸ“Š August 21, 2025 β€” FX Option Positioning (by Pair)

πŸ‡ͺπŸ‡Ί EUR/USD (EUR Notional)

  • 1.1470: €1.4B

  • 1.1550: €953M

  • 1.1600: €1.6B

  • 1.1670: €1.2B

  • 1.1700: €2.6B

  • 1.1750: €2.8B

  • 1.1800: €3.8B βœ… Largest

  • 1.1830: €1.9B

πŸ“Œ Overwhelming concentration at 1.1800 (€3.8B).
Strong magnet zone between 1.1700–1.1750 (over €2B each), forming a heavy topside cluster.

πŸ‡ΊπŸ‡Έ USD/JPY (USD Notional)

  • 145.95: $890M

  • 146.80: $1.7B βœ… Largest

  • 148.50: $823M

  • 149.00: $1.2B

πŸ“Œ 146.80 ($1.7B) = gravity point.
β†’ Expect consolidation near 147.00, with 149.00 as upside target if broken.

πŸ‡¬πŸ‡§ GBP/USD (GBP Notional)

  • 1.3650: Β£884M

πŸ“Œ Standalone strike at 1.3650, likely to act as a magnet into NY cut.

πŸ‡¦πŸ‡Ί AUD/USD (AUD Notional)

  • 0.6500: A$641M

  • 0.6600: A$1.4B βœ…

πŸ“Œ Strong magnet at 0.6600, pulling spot toward the top of the recent range.

πŸ‡¨πŸ‡¦ USD/CAD (USD Notional)

  • 1.3770: $630M

  • 1.3820: $799M

πŸ“Œ Strikes clustered around 1.3800 zone, reinforcing convergence risk near mid-1.38s.

πŸ‡³πŸ‡Ώ NZD/USD (NZD Notional)

  • 0.5980: NZ$660M βœ…

πŸ“Œ Single thick strike at 0.5980, acting as a downside floor magnet.

πŸ‡ͺπŸ‡ΊπŸ‡¬πŸ‡§ EUR/GBP (EUR Notional)

  • 0.8600: €1.4B βœ…

πŸ“Œ Major concentration at 0.8600, forming a strong gravitational pivot.

πŸ“Š 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 (Β£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

πŸ‘‰ Key Focus Today:

  • EUR/USD 1.1800 (€3.8B) = largest strike cluster.

  • USD/JPY 146.80 ($1.7B) = dominant magnet near 147.00.

These two levels are the most important gravitational zones into the NY cut.

βš–οΈ 15-min Power Balance

EUR = GBP = USD > CHF > CAD > NZD > AUD > JPY

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