✅ FX Options Summary (Dec 2)

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📌 Spot Prices (Reference Levels)

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🟪 Dec 2 (Tue) – Option Expiries

EUR/USD

• 1.1400 (€799m)

• 1.1425 (€1.1bn)

• 1.1450 (€550m)

• 1.1435 (€904m)

• 1.1485 (€800m)

• 1.1510 (€632m)

• 1.1535 (€640m)

• 1.1555 (€667m)

• 1.1600 (€1.1bn)

• 1.1600 (€777m) ※duplicate

• 1.1615 (€684m)

• 1.1625 (€410m)

👉 Key clusters: 1.1425 (€1.1bn), 1.1555 (€667m), 1.1600 (€1.1bn)

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USD/JPY

• 154.50 ($506m)

• 155.00 ($2.9bn) ← huge

• 156.00 ($1.1bn)

• 156.50 ($851m)

👉 155.00 has one of the largest option concentrations of the year.
Strongest gravity point for today.

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EUR/GBP

• 0.8800 (€750m)

• 0.8830 (€860m)

• 0.8850 (€560m)

👉 0.8830 is the dominant strike.

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(No significant expiries in AUD/USD, NZD/USD, USD/CHF, USD/CAD, GBP/USD.)

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🟩 Dec 3 (Wed) – Option Expiries

EUR/USD

• 1.1400 (€554m)

• 1.1450 (€1.3bn)

• 1.1530 (€2.1bn)

• 1.1535 (€833m)

• 1.1570 (€939m)

• 1.1600 (€739m)

• 1.1625 (€733m)

• 1.1650 (€675m)

👉 Largest: 1.1530 (€2.1bn) → Main battlefield for Wednesday

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USD/JPY

• 154.50 ($585m)

• 155.00 ($911m)

• 155.50 ($749m)

• 157.00 ($841m)

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USD/CHF

• 0.7950 ($600m)

• 0.8145 ($634m)

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EUR/GBP

• 0.8600 (€755m)

• 0.8850 (€505m)

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🔥 Key Takeaways for Trading

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◆ EUR/USD

Dec 2 (Tue):

• Key strikes: 1.1425 (€1.1bn) & 1.1600 (€1.1bn)

• The zone around 1.1500–1.1550 is the “center of gravity” → price likely to stabilize here

Dec 3 (Wed):

• 1.1530 (€2.1bn) is the largest expiry →
  → Expect strong magnetic pull around 1.1530

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◆ USD/JPY

• Dec 2 → 155.00 ($2.9bn)
  → One of the biggest USD/JPY expiries this month

• Multiple medium-sized strikes around 155.00 on Dec 3 as well

👉 155.00 is the key support/resistance level during the first half of the week.

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◆ EUR/GBP

• 0.8830 (€860m) is the dominant option
  → Expect price to cluster around 0.8830