📊 September 24, 2025 – FX Options Overview

📊 September 24, 2025 – FX Options Overview

🇪🇺 EUR/USD (Euro-denominated)

• 1.1730: €948m

• 1.1750: €1.4bn

• 1.1800: €1.7bn

• 1.1850: €1.2bn

• 1.1860: €2.0bn 🚨 Largest

• 1.1900: €1.2bn

• 1.2000: €901m

📌 Focus:

• The 1.1860 (€2.0bn) strike is the largest concentration.

• More than €6bn is clustered between 1.1800–1.1900, forming a very strong resistance band.

• Additional size around 1.1750 means significant overhead supply → upside is capped.

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🇬🇧 GBP/USD (Sterling-denominated)

• 1.3500: £1.3bn ✅

• 1.3550: £921m

📌 Focus:

• 1.3500 is heavily concentrated and likely to act as a pivotal support/resistance line.

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🇺🇸 USD/JPY (Dollar-denominated)

• 145.00: $1.8bn 🚨 Largest

• 148.50: $979m

📌 Focus:

• 145.00 ($1.8bn) is the dominant strike and serves as a major support zone.

• On the topside, 148.50 ($979m) acts as a cap.

• Expect trading to be confined within 145.00–148.50 heading into the NY cut.

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🇦🇺 AUD/USD (Aussie-denominated)

• 0.6450: A$1.3bn ✅

• 0.6600: A$1.0bn

• 0.6720: A$1.8bn 🚨 Largest

📌 Focus:

• Strong lower magnet at 0.6450 (A$1.3bn) and upper cap at 0.6720 (A$1.8bn).

• Well-defined range extremes likely to dominate price action.

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🇨🇦 USD/CAD (Dollar-denominated)

• 1.3750: $884m

• 1.3850: $1.2bn ✅

📌 Focus:

• 1.3850 ($1.2bn) is a heavy concentration, posing resistance and potential reversal risk.

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🇪🇺/🇬🇧 EUR/GBP (Euro-denominated)

• 0.8780: €569m

📌 Focus:

• Medium-size standalone strike, likely to act as an intraday pivot during the European session.

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👉 Key Takeaways:

• EUR/USD (1.1860 €2.0bn) → Major upside barrier. Strong resistance across 1.18–1.19.

• USD/JPY (145.00 $1.8bn) → Firm downside anchor and the most critical support into NY cut.

• Expect euro upside to remain capped, while dollar/yen is supported firmly at 145.