📊 FX Option Expiries – February 17, 2026
EUR/USD
-
1.2000 (~€940M)
-
1.1900 (~€1.34B) ⭐ Largest
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1.1700 (~€980M)
👉 Key level: 1.1900
If spot remains in the 1.18s, 1.1900 acts as a strong magnet into the NY cut.
Downside cushion sits at 1.1700.
Structure:
Upper pull toward 1.19, lower support at 1.17.
Classic pin-zone dynamics.
USD/JPY
-
156.00 (~$1.95B) ⭐ Dominant strike
-
151.00 (~$1.09B)
👉 Today’s main battlefield
156.00 is a massive expiry (~$2B).
If price rallies, this level is likely to attract flows strongly.
Below, 151.00 acts as a secondary cushion.
Bias:
Upside gravitation toward 156 in rally phases.
GBP/USD
-
1.3560 (~£770M)
Moderate-sized strike.
Limited binding power unless price trades very close.
USD/CHF
-
0.7730 (~$700M)
Nearby magnet zone.
Can create short-term stabilization if approached.
USD/CAD
-
1.3600 (~$1.02B)
-
1.3500 (~$970M)
👉 Clear range-binding structure between 1.35–1.36.
Expect mean-reversion behavior inside this corridor.
AUD/USD
-
0.7025 (~A$450M)
Smaller strike.
Localized magnet if price trades near the level.
NZD/USD
-
0.6100 (~NZ$140M)
-
0.5975 (~NZ$200M)
Relatively light expiries.
Limited structural constraint.
EUR/GBP
-
0.8970 (~€120M)
Small size.
Minimal broader market impact.
🔎 Overall Structure Summary
✔ EUR/USD: 1.1900 is the dominant magnet
✔ USD/JPY: 156.00 is the overwhelming focal point
✔ USD/CAD: 1.35–1.36 range-binding zone
✔ Broadly: market favors pinning dynamics over breakout behavior
This is not a momentum day.
It is a “gravitation and stabilization” type session —
watch where price gets pulled, not where it tries to run.
