📊 September 25, 2025 – FX Option Levels (by Currency Pair)

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🇪🇺 EUR/USD (EUR-denominated)

• 1.1600: $2.1bn

• 1.1650: $1.0bn

• 1.1670: $1.2bn

• 1.1700: $1.4bn

• 1.1745: $1.0bn

• 1.1750: $1.1bn

• 1.1800: $3.4bn 🚨 Largest

• 1.1850: $2.1bn

• 1.1865: $1.1bn

• 1.1930: $1.0bn

• 1.2000: $1.3bn

📌 Focus:

• Heavy concentration at 1.1800 ($3.4bn) and 1.1850 ($2.1bn).

• Combined, the 1.1800–1.1865 band exceeds $6.0bn, forming an extremely strong resistance zone.

• On the downside, 1.1600 ($2.1bn) also provides a major magnet, creating powerful pull both above and below.

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🇺🇸 USD/JPY (USD-denominated)

• 145.40: $920m

• 148.00: $1.2bn ✅ Largest

• 150.00: $923m

📌 Focus:

• 148.00 ($1.2bn) is the dominant strike.

• Downside anchored by 145.40, upside capped at 150.00.

• Strong range-magnet effect within 145.40–150.00.

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🇦🇺 AUD/USD (AUD-denominated)

• 0.6730: $660m

📌 Medium-sized single cluster. Likely to act as a short-term magnetic zone into NY cut.

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🇨🇦 USD/CAD (USD-denominated)

• 1.3600: $663m

• 1.3795: $1.2bn ✅

📌 Focus:

• Heavy concentration at 1.3795 ($1.2bn).

• Likely to function as a strong cap on the topside.

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🇪🇺/🇬🇧 EUR/GBP (EUR-denominated)

• 0.8750: $1.5bn 🚨 Largest

• 0.8765: $1.0bn

📌 Focus:

• 0.8750 ($1.5bn) is a major strike.

• Together with 0.8765 ($1.0bn), this creates an extremely thick resistance band at 0.8750–0.8765.

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👉 Key Takeaway

• EUR/USD (1.1800–1.1865) and EUR/GBP (0.8750–0.8765) are today’s primary focus zones.

• Both show very heavy topside concentration, implying strong range compression and return-selling pressure into the NY cut.