📊 FX Option Landscape — September 16, 2025 (per pair, latest NY cut update)
🇪🇺 EUR/USD (EUR notional)
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1.1710: €916m
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1.1715: €1.1bn
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1.1750: €1.9bn
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1.1760: €1.5bn
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1.1800: €2.0bn ✅
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1.1900: €860m
📌 Focus:
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Heavy clustering between 1.1750–1.1800 (€5.4bn total).
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The 1.1800 strike (€2.0bn) is the single largest, forming a powerful upside magnet zone into NY cut.
🇺🇸 USD/JPY (USD notional)
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146.00: $1.4bn ✅
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147.00: $829m
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149.00: $694m
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150.00: $1.5bn ✅
📌 Focus:
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146.00 (support, $1.4bn) and 150.00 (resistance, $1.5bn) are the two dominant clusters.
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Acts as a range anchor, with 146 as firm support and 150 as a strong cap.
🇦🇺 AUD/USD (AUD notional)
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0.6600: A$677m
📌 Focus:
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Mid-sized standalone strike.
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Serves as a short-term resistance candidate under compressed ranges.
🇨🇦 USD/CAD (USD notional)
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1.3900: $503m
📌 Focus:
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Mid-sized single strike.
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Heightened awareness of 1.39 as a pivot level.
👉 Key Takeaway:
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The spotlight rests on EUR/USD 1.1750–1.1800 and USD/JPY 146.00 / 150.00.
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Both pairs exhibit powerful convergence magnets, suggesting price action is more likely to compress into ranges toward NY cut rather than break out aggressively.
