📊 FX Options Report
March 10, 2026 | NY Cut Overview
■ Current Spot Levels
| Currency Pair | Spot |
|---|---|
| EUR/USD | 1.1616 |
| USD/JPY | 157.67 |
| GBP/USD | 1.3428 |
| USD/CHF | 0.7775 |
| USD/CAD | 1.3589 |
| AUD/USD | 0.7061 |
| NZD/USD | 0.5912 |
| EUR/GBP | 0.8648 |
■ Tuesday (March 10) NY Cut
EUR/USD
| Strike | Size |
|---|---|
| 1.1500 | €760M |
| 1.1525 | €720M |
| 1.1595 | €650M |
| 1.1600 | €940M |
| 1.1640 | €1.2B |
| 1.1650 | €1.5B ★Largest |
| 1.1695 | €1.0B |
| 1.1700 | €3.7B ★Extremely Large |
👉 Spot: 1.1616
Short-term: 1.1600 pin level
Medium-term:
1.1650 → 1.1700 major magnet zone
The 1.1700 option (€3.7B) represents a very strong upside magnet.
USD/JPY
| Strike | Size |
|---|---|
| 155.00 | $1.1B |
| 157.75 | $620M |
| 159.00 | $740M |
👉 Spot: 157.67
The nearest magnet is 157.75, which may attract price into the NY cut.
USD/CHF
| Strike | Size |
|---|---|
| 0.7725 | $560M |
| 0.7950 | $660M |
AUD/USD
| Strike | Size |
|---|---|
| 0.7100 | $700M |
👉 Spot: 0.7061
This represents an upside magnet level.
EUR/GBP
| Strike | Size |
|---|---|
| 0.8800 | €810M |
■ Wednesday (March 11) NY Cut
EUR/USD
| Strike | Size |
|---|---|
| 1.1650 | €1.3B |
| 1.1670 | €730M |
| 1.1675 | €710M |
| 1.1700 | €2.6B ★Largest |
| 1.1750 | €750M |
👉 1.1700 remains the largest magnet level.
USD/JPY
| Strike | Size |
|---|---|
| 155.00 | $1.1B |
| 155.50 | $510M |
AUD/USD
| Strike | Size |
|---|---|
| 0.6900 | $600M |
| 0.7105 | $570M |
■ Overall Market Structure
Current option positioning suggests the following structure:
✔ EUR/USD
Short-term: 1.1600 pin
Medium-term: 1.1700 extremely large magnet
✔ USD/JPY
Short-term attraction toward 157.75
✔ AUD/USD
Upside magnet at 0.7100
✔ EUR/GBP
Upside magnet at 0.8800
■ Market Bias
The overall structure indicates:
EUR upside bias
+
NY cut pinning dynamics
Meaning:
-
EUR/USD supported toward 1.1650–1.1700
-
USD/JPY gravitating around 157.75
-
AUD/USD biased toward 0.7100
Price action may remain anchored near major option levels into the NY cut, unless geopolitical headlines override the option flows.
