FX Option Expiries Overview – February 16, 2026
📍 Spot Levels
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EUR/USD: 1.1861
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USD/JPY: 153.18
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GBP/USD: 1.3634
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USD/CHF: 0.7685
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USD/CAD: 1.3616
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AUD/USD: 0.7084
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NZD/USD: 0.6031
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EUR/GBP: 0.8696
■ Monday (Feb 16)
EUR/USD
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1.1850 (1.4bn)
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1.1875 (0.87bn)
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1.1900 (0.78bn)
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1.1950 (1.2bn)
👉 Spot 1.1861 — 1.1850 is the key magnet.
Upside likely capped below 1.1900 for now.
USD/JPY
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153.90 (0.56bn)
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154.25 (0.56bn)
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154.40 (0.60bn)
👉 Clustered resistance in the 154 area.
Pinning pressure between high-153s and mid-154s.
AUD/USD
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0.7110 (0.52bn)
NZD/USD
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0.6050 (0.54bn)
■ Tuesday (Feb 17)
EUR/USD
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1.1830 (0.60bn)
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1.1900 (1.3bn) ⭐
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1.1920 (0.51bn)
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1.2000 (0.94bn)
👉 1.1900 is the largest concentration.
Potential “1.19 pin” structure into midweek.
USD/JPY
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151.00 (1.1bn)
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152.50 (0.70bn)
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154.60 (0.53bn)
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156.00 (2.0bn) ⭐
👉 156.00 is the dominant magnet (2bn).
If upside momentum builds, 156 becomes the gravitational target.
GBP/USD
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1.3560 (0.77bn)
USD/CHF
-
0.7730 (0.70bn)
USD/CAD
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1.3500 (0.97bn)
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1.3600 (1.0bn) ⭐
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1.3625 (0.86bn)
👉 CAD cluster centered around 1.36.
🔎 Structural Takeaway
✔ EUR/USD: Dual-magnet structure → 1.1850 → 1.1900
✔ USD/JPY: Short-term pin near 154, larger upside magnet at 156
✔ USD/CAD: Clear gravity around 1.3600
✔ Overall market tone: Pin-driven rather than breakout-driven
This environment favors mean-reversion strategies toward option clusters rather than aggressive breakout trades.
