FX Options Overview — October 15, 2026
Spot Rates at the Time of Publication
EUR/USD 1.1212
USD/JPY 157.95
GBP/USD 1.3236
USD/CHF 0.8301
USD/CAD 1.4208
AUD/USD 0.6953
NZD/USD 0.5613
EUR/GBP 0.8469
Today — October 15
EUR/USD
1.1150 EUR 874 million
1.1160 EUR 575 million
1.1200 EUR 946 million
1.1225 EUR 578 million
1.1250 EUR 4.1 billion (largest)
1.1275 EUR 2.1 billion
1.1350 EUR 3.0 billion
Current spot: 1.1212
The 1.1200 strike is about 12 pips below spot, while 1.1225 is about 13 pips above, leaving spot bracketed by two nearby strikes. Watch the reaction at both levels first.
The largest expiry is at 1.1250, about 38 pips higher. If the pair rebounds, monitor its approach and whether it can consolidate there into the New York cut.
There is also a sizeable 2.1 billion euros at 1.1275, around 63 pips above spot. Together, the 1.1250 and 1.1275 strikes total 6.2 billion euros and form a notable zone if the advance extends.
If EUR/USD breaks below 1.1200 and fails to recover, the next references are 1.1160, about 52 pips lower, and then 1.1150. The 3.0 billion euros at 1.1350 is about 138 pips above spot, limiting its direct influence nearby.
USD/JPY
157.00 USD 833 million
157.50 USD 883 million
158.00 USD 1.3 billion (largest)
158.50 USD 869 million
Current spot: 157.95
The largest expiry, at 158.00, is only about 5 pips above spot. It is one of today’s key levels, with price consolidation around 158.00 into the New York cut worth watching.
If USD/JPY breaks above 158.00, check whether it can hold there. If the advance continues, 158.50, about 55 pips higher, is the next reference.
On the downside, 157.50 is about 45 pips below spot and 157.00 is about 95 pips lower. If the pair cannot sustain a move back above 158.00, watch the reaction first at 157.50.
USD/CHF
0.8250 USD 558 million
Current spot: 0.8301
The 0.8250 strike is about 51 pips below spot. Its direct influence near current levels is limited, but it becomes a reference if the pair’s decline extends. Watch whether price finds support there or fails to recover after a break.
AUD/USD
0.6900 AUD 658 million
0.7000 AUD 1.5 billion (largest)
0.7020 AUD 995 million
0.7030 AUD 556 million
Current spot: 0.6953
The nearest strike is the largest one, at 0.7000, about 47 pips above spot. If AUD/USD rebounds, watch its approach to this round-number level and the reaction on arrival.
The 0.7020 and 0.7030 strikes are about 67 and 77 pips higher. The 0.7000–0.7030 area contains a combined 3.051 billion Australian dollars, making it a zone to monitor if gains extend. This positioning does not imply that an advance will occur.
The 0.6900 strike is about 53 pips below spot. There is no clear nearby center, so price direction takes priority.
NZD/USD
0.5556 NZD 562 million
Current spot: 0.5613
The 0.5556 strike is about 57 pips below spot. It is a reference if the decline extends, but its direct impact near current levels is limited.
EUR/GBP
0.8480 EUR 1.1 billion
Current spot: 0.8469
The 0.8480 strike is about 11 pips above spot and is a key nearby level. On a rebound, watch whether price consolidates near it or breaks above and holds. Although close, the expiry alone does not imply an advance; monitor the euro and pound as well.
Other Currency Pairs
GBP/USD and USD/CAD
No notable options information is listed for today.
Next Business Day — October 16
Distances below are measured from the spot rates listed above.
EUR/USD
1.1160 EUR 765 million
1.1200 EUR 1.1 billion
1.1225 EUR 1.9 billion (largest)
The 1.1200 strike is about 12 pips below spot, while the largest expiry at 1.1225 is about 13 pips above. If spot remains near current levels, these are the first levels to monitor.
The two strikes total 3.0 billion euros and bracket spot. If trading settles, watch whether the pair holds within this range or moves away.
If EUR/USD breaks below 1.1200 and fails to recover, 1.1160, about 52 pips lower, is the next reference.
USD/JPY
157.00 USD 680 million
158.00 USD 825 million (largest)
The largest expiry at 158.00 is about 5 pips above spot. Attention around 158.00 continues from today into the next business day.
The amount is smaller than today’s 1.3 billion dollars, so do not assume that price will be pinned there; watch the actual reaction. The 157.00 strike is about 95 pips lower and is less relevant nearby.
AUD/USD
0.6950 AUD 714 million
The 0.6950 strike is about 3 pips below spot, almost matching the current rate. If spot is still around this level on the next business day, it may be an initial reference point. Watch whether price consolidates near 0.6950 or moves away in either direction.
EUR/GBP
0.8450 EUR 749 million
The 0.8450 strike is about 19 pips below spot and is a nearby downside reference. While 0.8480 is the upside reference for today, on the next business day monitor whether EUR/GBP finds support at 0.8450 or fails to recover after a break.
Other Currency Pairs
GBP/USD, USD/CHF, USD/CAD, and NZD/USD
No notable options information is listed for the next business day.
Overall Picture
Today, USD/JPY’s 158.00 strike and EUR/GBP’s 0.8480 are notable because of their size and proximity to spot.
EUR/USD is bracketed by 1.1200 and 1.1225. If it rebounds, the 4.1 billion euros at 1.1250 is an important reference. First assess the nearby strikes rather than assuming the pair will advance to the larger expiry.
AUD/USD’s 0.7000 strike has 1.5 billion Australian dollars, but is about 47 pips above spot; watch it if the rebound extends.
For the next business day, EUR/USD’s 1.1200 and 1.1225, USD/JPY’s 158.00, and AUD/USD’s 0.6950 are the nearby levels to monitor.
Trading Strategy
EUR/USD
First watch the reaction at 1.1200 and 1.1225. If the pair breaks above 1.1225 and holds, monitor 1.1250. If it falls below 1.1200 and fails to recover, 1.1160 is the next reference.
USD/JPY
Use 158.00 as the key decision level. Watch whether price breaks above and holds or is rejected. If gains extend, 158.50 is the next reference; if the decline continues, monitor 157.50.
AUD/USD
Today, monitor 0.7000 on a rebound. On the next business day, watch for consolidation around 0.6950 and whether any move away from that level is sustained.
EUR/GBP
Today, focus on 0.8480 on a rebound. On the next business day, monitor whether 0.8450 holds on a decline or whether price can recover after a break.
