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FX Option Landscape β€” September 11, 2025 (per pair, latest NY cut update)

πŸ“Š FX Option Landscape β€” September 11, 2025 (per pair, latest NY cut update)

πŸ‡ͺπŸ‡Ί EUR/USD (EUR notional)

  • 1.1635: €1.0bn

  • 1.1640: €1.3bn

  • 1.1645: €1.6bn βœ…

  • 1.1650: €1.0bn

  • 1.1675: €955m

  • 1.1700: €1.4bn

  • 1.1750: €965m

  • 1.1800: €1.6bn βœ…

  • 1.1825: €2.5bn 🚨 Largest

πŸ“Œ Focus:

  • Heavy clustering between 1.1640–1.1650 (~€4bn combined) forms a strong lower resistance wall.

  • To the upside, 1.1800 (€1.6bn) and especially 1.1825 (€2.5bn, largest strike) create a massive resistance cap.
    β†’ The 1.1650–1.1825 zone represents an extremely strong topside option barrier.

πŸ‡ΊπŸ‡Έ USD/JPY (USD notional)

  • 145.75: $1.4bn βœ…

  • 146.50: $1.1bn

  • 147.50: $1.0bn

  • 147.75: $900m

πŸ“Œ Focus:

  • 145.75 ($1.4bn) is the largest strike, acting as a strong magnet.

  • Above, layered strikes at 146.50–147.75 point to compression within a 145.75–147.75 range into NY cut.

πŸ‡¬πŸ‡§ GBP/USD (GBP notional)

  • 1.3580: Β£504m

  • 1.3600: Β£609m βœ…

πŸ“Œ Focus:

  • Strong clustering at 1.3600, likely to act as both support and resistance pivot.

πŸ‡¨πŸ‡­ USD/CHF (USD notional)

  • 0.8000: $724m

  • 0.8030: $629m

πŸ“Œ Focus:

  • Strikes clustered around 0.8000 β†’ short-term magnet zone at the psychological threshold.

πŸ‡¦πŸ‡Ί AUD/USD (AUD notional)

  • 0.6650: A$698m

πŸ“Œ Focus:

  • Single mid-sized strike.

  • Potential short-term cap and NY cut attraction point.

πŸ‡¨πŸ‡¦ USD/CAD (USD notional)

  • 1.3825: $504m

πŸ“Œ Focus:

  • Standalone mid-sized strike.

  • Short-term pivot for intraday flows.

πŸ‡ͺπŸ‡Ί/πŸ‡¬πŸ‡§ EUR/GBP (EUR notional)

  • 0.8725: €839m

πŸ“Œ Focus:

  • Mid-sized concentration, likely to serve as a reference level during European hours.

πŸ‘‰ Key Takeaway:
The spotlight is on EUR/USD, with dual pressure zones at 1.1640–1.1650 cluster and the 1.1825 mega-strike (€2.5bn).
For USD/JPY, 145.75 ($1.4bn) is the dominant magnet. Together, these strikes are likely to anchor price action into the NY cut.

βš–οΈ 15-minute Power Balance Snapshot:
USD ＞ EUR = AUD = CHF ＞ CAD ＞ GBP ＞ NZD ＞ JPY

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