✅ FX Options Update (NY Cut | Latest Data) 📅 October 16, 2025

✅ FX Options Update (NY Cut | Latest Data)
📅 October 16, 2025

🇪🇺 EUR/USD (Euro-denominated)

• 1.1500: €1.2 B

• 1.1580: €1.7 B

• 1.1600: €3.8 B 🚨

• 1.1650: €1.3 B

• 1.1700: €1.5 B

• 1.1850: €2.0 B

📌 Key Takeaways
The €3.8 B concentration at 1.1600 is the day’s largest and the heaviest open interest across all pairs.
Roughly €8 B in total exposure is packed between 1.1580–1.1700, forming an exceptionally dense magnetic band.
→ Expect price convergence around 1.16 into NY cut, with capped upside momentum.
However, the €2 B at 1.1850 marks the next breakout target — if 1.16 breaks cleanly, upward acceleration toward that zone could follow.

🇺🇸 USD/JPY (Dollar-denominated)

• 150.50: $1.2 B

• 152.00: $825 M

📌 Key Takeaways
The $1.2 B strike at 150.50 anchors spot action near current levels.
The $825 M cap at 152.00 aligns with the upper intervention-watch range, implying any upside extension is likely short-lived post-cut.
→ Expect tight trade between 150.5–151.8, with high sensitivity to official remarks.

🇨🇦 USD/CAD (Dollar-denominated)

• 1.3975: $966 M

📌 Key Takeaways
Single medium-size strike near 1.40 acts as a short-term selling ceiling.
Moves remain correlated with WTI crude direction — current structure favors mild topside resistance and stability around 1.3850–1.39 on dips.

📊 Option-Floor Strategy Summary

📈 Overall Summary

Today’s spotlight is firmly on EUR/USD 1.16, with the massive €3.8 B cluster exerting dominant gravitational pull.
This coincides with a soft-ceiling in USD/JPY near 150.5, reinforcing a broad dollar-softening bias into the NY cut.

Expect muted volatility pre-expiry, followed by potential post-cut position rebuilding once liquidity returns.
→ Tactical bias: Fade intraday extremes around the magnet zones, then look to join post-cut breakouts if key strikes give way.