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Today’s Option Landscape (Feb 3, 2026 — NY Cut)

Today’s Option Landscape (Feb 3, 2026 — NY Cut)

■ EUR/USD (Spot 1.1807)

https://s3.tradingview.com/c/C4wNpO2B_mid.png
https://s3.tradingview.com/v/VmZG8htt_mid.png
https://www.fxstreet.com/_next/image?q=95&url=https%3A%2F%2Feditorial.fxsstatic.com%2Fmiscelaneous%2F_EUR_USD_2025-10-27_12-34-49-1761543307730-1761543307738.png&w=1536
4

Tue 03/02 Expiries

  • 1.1745 (697M)

  • 1.1785 (848M)

  • 1.1800 (935M)

  • 1.1850 (3.9B) ★ Main magnet

  • 1.1865 (616M)

  • 1.1890 (714M)

  • 1.1900 (551M)

  • 1.1935 (1.5B)

  • 1.1940 (1.4B)

  • 1.1950 (1.1B)

  • 1.2000 (1.4B)

Spot is clearly below 1.1850.
Today is a textbook pull toward 1.1850 into the NY cut.
Once reached, layered resistance above suggests price will hover around 1.1850.

■ USD/JPY (Spot 155.42)

https://s3.tradingview.com/r/R1h6x9qX_mid.png
https://micms.stonex.com//sites/default/files/inline-images/image-20251112164011-10.png
https://s3.tradingview.com/o/o5Oye25C_mid.png
4

Tue 03/02 Expiry

  • 155.75 (952M) ★ Pinpoint magnet

Spot sits almost directly below.
A classic pinning pattern toward 155.75 is likely today.

■ USD/CAD (Spot 1.3664)

https://s3.tradingview.com/a/afNmHixL_mid.png
https://d1-invdn-com.investing.com/content/pic93d8991c418d91ccc4a7f2964418633c.png
https://assets.continuumeconomics.com/storage/uploads/69772825d830b.png
4

Tue 03/02 Expiry

  • 1.3590 (577M)

Strike lies below spot → mild downward reversion pressure.

■ NZD/USD (Spot 0.6033)

https://s3.tradingview.com/t/tMzVsqYU_mid.png
https://d1-invdn-com.investing.com/content/pic3e7bf26aaf9d1f0c75df4362388da1a6.png
https://media.marketnews.com/image_62cb03160a.png

Tue 03/02 Expiry

  • 0.5800 (888M)

Too far to matter today → technicals dominate.

■ Wed 04/02 (Reference)

EUR/USD

  • 1.1600 (2.2B)

  • 1.1800 (1.2B)

  • 1.1850 (1.6B)

  • 1.1900 (845M)

  • 1.1925 (597M)

  • 1.1950 (637M)

  • 1.2000 (765M)

→ Likely 1.18–1.19 range lock tomorrow.

USD/JPY

  • 153.25 (802M)

  • 155.50 (570M)

  • 156.25 (713M)

  • 156.50 (964M) Main magnet

→ 156.50 becomes tomorrow’s magnet.

AUD/USD

  • 0.6950 (2.0B)

  • 0.7000 (990M)

  • 0.7100 (1.1B)

→ Strong range adhesion expected.

Big Picture

Today is a very clear NY-cut reversion / pinning session.

  • EUR/USD → Drawn toward 1.1850

  • USD/JPY → Pinned near 155.75

  • USD/CAD → Gentle drift lower

  • Others → Limited option impact

Expect option-driven price action.
Rather than chasing breakouts, today favors trades that anticipate reversion toward the strikes.

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