2025-12-11 07:09:00
EUR/USD
- 1.1800 (EUR 2.20 bn)
- 1.1710 (EUR 1.39 bn)
- 1.1610 (EUR 4.59 bn)
USD/JPY
- 158.00 (US$ 919.98 mn)
- 156.00 (US$ 1.24 bn)
- 155.00 (US$ 876.98 mn)
GBP/USD
USD/CHF
- 0.7960 (US$ 650.00 mn)
- 0.7900 (US$ 653.00 mn)
- 0.7800 (US$ 451.26 mn)
USD/CAD
- 1.4000 (US$ 1.05 bn)
- 1.3950 (US$ 1.18 bn)
AUD/USD
- 0.6750 (AUD 750.16 mn)
- 0.6550 (AUD 1.90 bn)
EUR/GBP
- 0.8875 (EUR 298.70 mn)
- 0.8720 (EUR 259.81 mn)
- 0.8580 (EUR 300.00 mn)
The FX option expiration price levels refer to the strike prices where option contracts are set to expire. These levels include both calls and puts.
When you see “EUR/USD at 1.1600 for €4 billion” it means there is a total of €4 billion worth of options (calls + puts combined) that have a strike price of 1.1600 and are expiring at that specific time (the “New York Cut” at 10:00 AM ET).
Traders watch these levels because they often act as a “magnet” for the price. This happens due to the hedging activity of the market makers (banks, dealers and so on).
As the price gets closer to the strike price near expiration, these market makers must aggressively buy or sell the currency to hedge their risk. This hedging activity tends to suppress volatility and keep the price “pinned” close to the strike price until the expiration time passes.
Justin prepared a weekly overview before leaving for the holidays here. For more information on how to use this data, you may refer to this post here.
