Today’s Options Market — November 12, 2026
Spot Rates
EUR/USD 1.1075
USD/JPY 159.85
GBP/USD 1.3251
USD/CHF 0.8329
USD/CAD 1.4258
AUD/USD 0.6830
NZD/USD 0.5551
EUR/GBP 0.8355
Today — November 12
EUR/USD
1.1000 €1 billion
1.1050 €651 million
1.1070 €590 million
1.1075 €1.1 billion
1.1100 €2 billion
1.1120 €1.6 billion
1.1125 €1.3 billion
1.1135 €970 million
1.1140 €2.3 billion — largest
1.1150 €1.6 billion
1.1155 €1.1 billion
1.1175 €767 million
1.1195 €746 million
1.1215 €1.1 billion
Spot is 1.1075, matching an option expiry with €1.1 billion in notional. The focus is whether the pair continues to trade around 1.1075 into the NY cut. Including 1.1070, 5 pips below, the 1.1070–1.1075 range has €1.69 billion in options.
To the upside, 1.1100 is 25 pips above and has €2 billion in options. If the pair breaks above it and the rebound continues, watch 1.1120, 45 pips above, and 1.1125, 50 pips above. The options at 1.1100, 1.1120, and 1.1125 total €4.9 billion. The largest option, at 1.1140, is 65 pips above and is a level to watch if the rebound extends further.
If the pair breaks below 1.1070 and fails to recover, the next listed level is 1.1050, 25 pips below. If the decline extends further, 1.1000, 75 pips below, has €1 billion in options.
USD/JPY
157.80 $1.1 billion — largest
158.00 $887 million
158.45 $813 million
159.35 $576 million
159.50 $1 billion
Spot is 159.85. The nearest level is 159.50, 35 pips below, followed by 159.35, 50 pips below. These levels have a combined $1.576 billion in options. If the pair pulls back, watch whether the decline eases in the 159.50–159.35 range.
If USD/JPY breaks below 159.35, the next listed level for today is 158.45, 90 pips lower. The largest option, at 157.80, is 205 pips below spot and is a level to watch if the decline extends substantially.
GBP/USD
1.3250 £1.3 billion — largest
1.3300 £1.1 billion
1.3450 £567 million
Spot is 1.3251. The largest option, at 1.3250, is just 1 pip below, making it the key level today in terms of both size and proximity. Watch whether the pair continues to trade around 1.3250 into the NY cut or whether selling persists after a break below.
If the pair rebounds from around 1.3250, the next listed level is 1.3300, 49 pips above. The 1.3450 level is 199 pips higher and is relevant if the rebound extends substantially.
USD/CHF
0.8200 $580 million
Spot is 0.8329. The 0.8200 level is 129 pips below and is a level to watch if the pair falls sharply enough to approach it.
AUD/USD
0.6870 A$681 million
0.6875 A$949 million
0.6900 A$1.2 billion — largest
0.6960 A$688 million
0.6970 A$940 million
Spot is 0.6830. The nearest levels are 0.6870, 40 pips above, and 0.6875, 45 pips above. If the pair rebounds toward them, watch whether price settles in the 0.6870–0.6875 range, which has a combined A$1.63 billion in options.
If the rebound continues above 0.6875, the next listed level is 0.6900, 70 pips higher. The 0.6960 and 0.6970 levels are 130 and 140 pips above, respectively, and are relevant if the advance extends substantially.
USD/CAD, NZD/USD, and EUR/GBP
No options are listed for today.
Next Business Day — November 13
EUR/USD
1.1000 €815 million
1.1100 €720 million
1.1200 €687 million
1.1205 €781 million
1.1210 €1.6 billion — largest
Measured against today’s spot, the nearest level is 1.1100, 25 pips above. It also has €2 billion in options for today, making it a level to monitor across both expiries if the pair rebounds. The 1.1000 level is also listed for both days and is 75 pips below today’s spot.
The largest option, at 1.1210, is 135 pips above. Including the nearby 1.1200 and 1.1205 levels, the 1.1200–1.1210 range has a combined €3.068 billion in options. This is a zone to watch if the rebound extends substantially.
USD/JPY
158.50 $1.4 billion — largest
159.00 $766 million
159.25 $557 million
From today’s spot, 159.25 is 60 pips below and 159.00 is 85 pips below. If the pair falls below today’s 159.50–159.35 range and the decline continues, monitor the next business day’s 159.25 and 159.00 levels in turn.
The largest option, at 158.50, is 135 pips below. Watch the reaction there if the pair continues lower after breaking below 159.00.
USD/CAD
1.4150 $753 million — largest
1.4200 $742 million
1.4210 $626 million
From today’s spot, 1.4210 is 48 pips below and 1.4200 is 58 pips below. These levels have a combined $1.368 billion in options. If the pair pulls back, watch whether the decline pauses in the 1.4210–1.4200 range.
If USD/CAD breaks below 1.4200 and continues lower, the next listed level is 1.4150, 108 pips below.
AUD/USD
0.6800 A$546 million
0.6880 A$656 million
0.6900 A$1.4 billion — largest
From today’s spot, 0.6800 is 30 pips below and 0.6880 is 50 pips above. If the pair falls, watch 0.6800. If it rebounds, monitor whether it moves through today’s 0.6870–0.6875 levels and approaches 0.6880 for the next business day.
The 0.6900 level is 70 pips above and has more than A$1 billion in options on both days. Watch it if the rebound continues above 0.6880.
NZD/USD
0.5550 NZ$801 million
The 0.5550 level is 1 pip below today’s spot. If the pair trades around this level into the next business day, watch whether it continues to move around 0.5550 into the NY cut or breaks away in either direction.
GBP/USD, USD/CHF, and EUR/GBP
No options are listed for the next business day.
Trading Strategy
For EUR/USD, use price action around 1.1070–1.1075 as the starting point. If the pair rebounds, watch 1.1100, which has €2 billion in options today. If it breaks lower, monitor the reaction at 1.1050. If 1.1100 is broken and holds, the 1.1120–1.1125 zone is the next area to watch.
For GBP/USD, the focus is price action around 1.3250. If the rebound continues, watch 1.3300. If the pair breaks below 1.3250 and fails to recover, monitor whether selling persists.
For USD/JPY, prioritize the 159.50–159.35 range during a pullback. If the decline continues into the next business day, watch 159.25 and 159.00. For AUD/USD, monitor the 0.6870–0.6880 range during a rebound and the next business day’s 0.6800 level if the pair falls.
