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Today’s Option Landscape — February 11, 2026

Today’s Option Landscape — February 11, 2026

Spot Levels

  • EUR/USD: 1.1903

  • USD/JPY: 155.40

  • GBP/USD: 1.3667

  • USD/CHF: 0.7671

  • USD/CAD: 1.3558

  • AUD/USD: 0.7064

  • NZD/USD: 0.6034

  • EUR/GBP: 0.8705

■ Tuesday (February 10) Recap

EUR/USD

  • 1.1750 (1.3B)

  • 1.1800 (1.0B)

  • 1.1805 (878M)

  • 1.1850 (1.7B)

  • 1.1875 (747M)

  • 1.1900 (737M)

  • 1.1910 (1.2B)

  • 1.1945 (838M)

  • 1.2000 (2.2B)

👉 Spot 1.1903.
A dense option cluster around 1.19.
While 1.20 is the ultimate upside objective, the structure favors a pullback toward 1.19 into the NY session.

USD/JPY

  • 157.00 (1.1B)

  • 159.90 (1.1B)

👉 Spot 155.40.
Clear overhead option barriers.
157.00 is the first cap, and even if broken, 159.90 acts as the final ceiling.

AUD/USD

  • 0.6860 (702M)

  • 0.6900 (1.4B)

  • 0.6940 (541M)

  • 0.7100 (1.1B)

👉 Spot 0.7064.
There is upside attraction toward 0.71, while strong reversion pressure toward 0.69 remains below.
This is a classic option-controlled market with limited directional clarity.

■ Wednesday (February 11)

EUR/USD

  • 1.1750 (1.6B)

  • 1.1790 (591M)

  • 1.1800 (1.2B)

  • 1.1825 (1.6B)

  • 1.1850 (1.0B)

  • 1.1900 (615M)

  • 1.2000 (1.9B)

👉 As with Tuesday, heavy option positioning spans 1.18–1.20.
Rather than chasing trend moves, the key question is where price stalls.

USD/JPY

  • 156.50 (1.1B)

  • 156.60 (850M)

  • 158.25 (773M)

👉 Layered resistance from the upper-155s into the 158s.
Even sharp rallies are likely to encounter selling pressure into the 158 zone.

GBP/USD

  • 1.3575 (536M)

👉 A relatively small, isolated strike.
Pinning influence is limited compared to other pairs.

USD/CAD

  • 1.3700 (962M)

👉 1.37 acts as a clear upside cap.
The Canadian dollar is positioned to limit upward extension.

AUD/USD

  • 0.6990 (670M)

👉 0.70 becomes Wednesday’s central pivot.
Moves in either direction are likely to gravitate back toward 0.70.

EUR/GBP

  • 0.8660 (821M)

👉 This level serves as a short-term magnet.

■ Overall Structure (Key Takeaways)

EUR/USD

  • 1.19 remains the core pivot

  • 1.20 is the upper boundary

  • → This is an attraction-driven, not trend-driven, environment

USD/JPY

  • 157.00 and 159.90 are major upside caps

AUD/USD

  • Range-bound between 0.69 and 0.71

👉 Once again, this is not a market to aggressively predict direction, but one where price is constrained and pulled by option structures.

Short-term strategies should focus on mean reversion toward key option levels, rather than breakout chasing.

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