✅ FX Option Overview (NY Cut | Latest Update) — October 7, 2025

✅ FX Option Overview (NY Cut | Latest Update) — October 7, 2025

🇪🇺 EUR/USD (Euro-denominated)

• 1.1500: €2.3 billion

• 1.1650: €2.6 billion 🚨

• 1.1750: €1.8 billion

• 1.1820: €2.5 billion 🚨

• 1.1900: €1.5 billion

• 1.1950: €1.0 billion

📌 Key Focus

• The 1.1650 (€2.6 bn) and 1.1820 (€2.5 bn) strikes stand out as major concentrations.

• Combined with 1.1750 (€1.8 bn) in between, the 1.1650–1.1820 zone represents nearly €9 billion in total exposure.
  → This creates strong magnetic pressure, keeping spot anchored within the 1.17s ahead of the NY cut, with high risk of range compression.

🇺🇸 USD/JPY (Dollar-denominated)

• 146.50: $930 million

• 149.75: $946 million

• 151.00: $827 million

📌 Key Focus

• Option strikes are spread broadly between ¥146.5 and ¥151.0, with mid-sized clusters across the range.

• The 149.75 ($946 m) level may act as a gravitational center, suggesting price convergence near ¥150 ahead of the cut.

• A break away from ¥150 could trigger a volatility expansion.

🇨🇭 USD/CHF (Dollar-denominated)

• 0.8000: $600 million

📌 Note:
A single mid-sized strike, serving as a short-term psychological pivot.

🇦🇺 AUD/USD (Aussie-denominated)

• 0.6500: A$653 million

📌 Note:
A standalone option, with 0.65 acting as a short-term support/resistance marker.

📊 Option-Floor Summary

👉 Main Focus:
The EUR/USD 1.1650–1.1820 mega-cluster dominates today’s landscape.
This band forms a critical equilibrium zone for short-term trend balance —
expect tight consolidation around 1.17 into the NY cut, followed by a potential breakout the next day.