Today’s Option Landscape — February 10, 2026

Today’s Option Landscape — February 10, 2026

Spot Levels

• EUR/USD: 1.1903

• USD/JPY: 155.40

• GBP/USD: 1.3667

• USD/CHF: 0.7671

• USD/CAD: 1.3558

• AUD/USD: 0.7064

• NZD/USD: 0.6034

• EUR/GBP: 0.8705

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■ Tuesday (February 10)

EUR/USD

• 1.1750 (1.3B)

• 1.1800 (1.0B)

• 1.1805 (878M)

• 1.1850 (1.7B)

• 1.1875 (747M)

• 1.1900 (737M)

• 1.1910 (1.2B)

• 1.1945 (838M)

• 1.2000 (2.2B)

👉 Spot is 1.1903.
A dense concentration of large options around 1.19.
While 1.20 is the ultimate upside target, the structure suggests price is likely to be pulled back toward the 1.19 area into the NY session.

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USD/JPY

• 157.00 (1.1B)

• 159.90 (1.1B)

👉 Spot is 155.40.
There is a clear option barrier overhead.
157.00 acts as the first upside cap, and even if broken, 159.90 serves as the final ceiling.

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AUD/USD

• 0.6860 (702M)

• 0.6900 (1.4B)

• 0.6940 (541M)

• 0.7100 (1.1B)

👉 Spot is 0.7064.
There is simultaneous attraction toward 0.71, while very strong mean-reversion pressure toward 0.69 persists below.
This is a classic option-driven market where direction is hard to establish.

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■ Wednesday (February 11)

EUR/USD

• 1.1750 (1.6B)

• 1.1790 (591M)

• 1.1800 (1.2B)

• 1.1825 (1.6B)

• 1.1850 (1.0B)

• 1.1900 (615M)

• 1.2000 (1.9B)

👉 Following Tuesday, heavy option interest spans a wide 1.18–1.20 range.
Rather than trend continuation, the key question is where price stalls.

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USD/JPY

• 156.50 (1.1B)

• 156.60 (850M)

• 158.25 (773M)

👉 Layered resistance from the upper-155s into the 158s.
Even sharp rallies are likely to struggle once the 158 zone is reached.

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GBP/USD

• 1.3575 (536M)

👉 A single, relatively small option.
Compared with other pairs, its pinning effect is limited.

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USD/CAD

• 1.3700 (962M)

👉 1.37 is a clear upside cap.
The Canadian dollar is positioned to restrain upside moves.

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AUD/USD

• 0.6990 (670M)

👉 On Wednesday, 0.70 acts as the central pivot.
Moves in either direction are likely to revert back toward 0.70.

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EUR/GBP

• 0.8660 (821M)

👉 This level acts as a short-term magnet.

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■ Overall Takeaways (Key Points)

• EUR/USD

  • 1.19 is the core pin, with 1.20 above

  • → An attraction-driven market rather than a trend market

• USD/JPY

  • 157.00 and 159.90 are powerful upside caps

• AUD/USD

  • Range-bound between 0.69 and 0.71

👉 Once again, this is not a market to “predict” direction, but one where price is constrained and pulled by option structures.
In the short term, strategies built around mean reversion toward key option levels are most effective.