📊 FX Options Report
March 11, 2026 | NY Cut Overview
■ Current Spot Levels
| Currency Pair | Spot |
|---|---|
| EUR/USD | 1.1633 |
| USD/JPY | 158.07 |
| GBP/USD | 1.3443 |
| USD/CHF | 0.7769 |
| USD/CAD | 1.3558 |
| AUD/USD | 0.7169 |
| NZD/USD | 0.5942 |
| EUR/GBP | 0.8650 |
■ 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 |
👉 Spot: 1.1633
There is a large magnet zone above at 1.1650–1.1700.
Into the NY cut, price may gravitate toward 1.1650.
USD/JPY
| Strike | Size |
|---|---|
| 155.00 | $1.1B |
| 155.50 | $510M |
👉 Spot: 158.07
Most option levels are far below the current spot, meaning NY cut influence is limited today.
AUD/USD
| Strike | Size |
|---|---|
| 0.6900 | $600M |
| 0.7105 | $570M |
👉 Spot: 0.7169
The option cluster sits below current price levels.
■ Thursday (March 12) NY Cut
EUR/USD
| Strike | Size |
|---|---|
| 1.1530 | €910M |
| 1.1550 | €840M |
| 1.1575 | €800M |
| 1.1600 | €930M |
| 1.1650 | €1.3B |
| 1.1680 | €1.3B |
| 1.1685 | €650M |
| 1.1700 | €770M |
| 1.1795 | €1.6B |
| 1.1800 | €2.3B ★Largest |
👉 Heavy option clustering between 1.1650–1.1700.
Above that lies a major resistance magnet at 1.1800.
USD/JPY
| Strike | Size |
|---|---|
| 157.00 | $660M |
| 159.50 | $560M |
| 160.00 | $890M |
| 160.75 | $730M |
👉 Spot: 158.07
The upside magnet level is 160.00.
USD/CAD
| Strike | Size |
|---|---|
| 1.3700 | $530M |
AUD/USD
| Strike | Size |
|---|---|
| 0.6975 | $1.1B |
| 0.7000 | $580M |
| 0.7175 | $620M |
| 0.7300 | $660M |
👉 Spot: 0.7169
0.7175 may act as a short-term pin level.
EUR/GBP
| Strike | Size |
|---|---|
| 0.8800 | €650M |
■ Overall Market Structure
Current option positioning suggests:
✔ EUR/USD
1.1650 → 1.1700 option cluster → 1.1800 major magnet
✔ USD/JPY
160.00 upside magnet
✔ AUD/USD
Possible short-term pin near 0.7175
✔ EUR/GBP
Upside magnet at 0.8800
■ Market Bias
Overall structure indicates:
EUR upside bias
+
NY cut pinning dynamics
Meaning:
-
EUR/USD supported toward 1.1650–1.1700
-
USD/JPY potential pull toward 160
-
AUD/USD likely to stabilize near 0.7175
Unless major geopolitical headlines intervene, price action may remain anchored near major option levels into the NY cut.
