📊 FX Option Landscape — September 16, 2025 (per pair, latest NY cut update)

📊 FX Option Landscape — September 16, 2025 (per pair, latest NY cut update)

🇪🇺 EUR/USD (EUR notional)

• 1.1710: €916m

• 1.1715: €1.1bn

• 1.1750: €1.9bn

• 1.1760: €1.5bn

• 1.1800: €2.0bn ✅

• 1.1900: €860m

📌 Focus:

• Heavy clustering between 1.1750–1.1800 (€5.4bn total).

• The 1.1800 strike (€2.0bn) is the single largest, forming a powerful upside magnet zone into NY cut.

🇺🇸 USD/JPY (USD notional)

• 146.00: $1.4bn ✅

• 147.00: $829m

• 149.00: $694m

• 150.00: $1.5bn ✅

📌 Focus:

• 146.00 (support, $1.4bn) and 150.00 (resistance, $1.5bn) are the two dominant clusters.

• Acts as a range anchor, with 146 as firm support and 150 as a strong cap.

🇦🇺 AUD/USD (AUD notional)

• 0.6600: A$677m

📌 Focus:

• Mid-sized standalone strike.

• Serves as a short-term resistance candidate under compressed ranges.

🇨🇦 USD/CAD (USD notional)

• 1.3900: $503m

📌 Focus:

• Mid-sized single strike.

• Heightened awareness of 1.39 as a pivot level.

👉 Key Takeaway:

• The spotlight rests on EUR/USD 1.1750–1.1800 and USD/JPY 146.00 / 150.00.

• Both pairs exhibit powerful convergence magnets, suggesting price action is more likely to compress into ranges toward NY cut rather than break out aggressively.