FX Options Overview: Key Expiries for October 16 and 19, 2026

Spot rates at publication: EUR/USD 1.1212; USD/JPY 158.13; GBP/USD 1.3269; USD/CHF 0.8279; USD/CAD 1.4195; AUD/USD 0.6921; NZD/USD 0.5623; EUR/GBP 0.8449.

Today’s expiries

EUR/USD: 1.1160 (EUR 765m), 1.1200 (EUR 1.30bn), 1.1225 (EUR 2.30bn, largest), and 1.1350 (EUR 531m). Spot is bracketed by 1.1200, about 12 pips below, and 1.1225, about 13 pips above. Together these strikes total EUR 3.60bn and form the main options zone into the New York cut. Monitor consolidation or a sustained move out of the range. A break below 1.1200 that cannot recover brings 1.1160, about 52 pips lower, into focus. The 1.1350 expiry is distant and has limited immediate influence.

USD/JPY: 157.00 (USD 680m) and 158.00 (USD 925m). The nearest strike, 158.00, is about 13 pips below spot. Watch whether price holds above it or returns toward it into the New York cut. A sustained break below exposes 157.00, around 113 pips lower. Options positioning alone does not determine direction.

USD/CHF: 0.8285 (USD 560m), about 6 pips above spot, is a nearby level to watch on a rebound. Check whether price holds above it or is rejected.

AUD/USD: 0.6950 (AUD 714m), about 29 pips above spot, is a rebound reference, not a forecast.

EUR/GBP: 0.8450 (EUR 749m) is about 1 pip above spot. Monitor whether price consolidates around it, breaks higher and holds, or turns lower, alongside relative euro and sterling performance.

GBP/USD and USD/CAD have no notable expiries today.

Next business day — October 19

EUR/USD: 1.1175 (EUR 510m), 1.1180 (EUR 633m), 1.1200 (EUR 925m), 1.1260 (EUR 762m), 1.1280 (EUR 562m), and 1.1300 (EUR 1.30bn, largest). From the listed spot, 1.1200 is about 12 pips below; 1.1260 is 48 pips above, 1.1280 is 68 pips above, and 1.1300 is 88 pips above. Below 1.1200, 1.1180 and 1.1175 are 32 and 37 pips lower.

USD/JPY: 157.15 (USD 554m), about 98 pips below spot and mainly relevant if a decline extends.

GBP/USD: 1.3435 (GBP 550m), about 166 pips above spot with limited immediate influence.

USD/CHF: 0.8300 (USD 1.00bn), about 21 pips above spot and the nearest listed level.

AUD/USD: 0.6950 (AUD 560m), 0.6970 (AUD 757m), 0.6975 (AUD 811m), and 0.7010 (AUD 508m), approximately 29, 49, 54, and 89 pips above spot. The 0.6970–0.6975 area is a higher zone if the pair rebounds.

No notable expiries are listed for USD/CAD, NZD/USD, or EUR/GBP on October 19.

Market view and strategy

Today, EUR/USD 1.1200–1.1225 is the main options zone. USD/JPY 158.00, USD/CHF 0.8285, and EUR/GBP 0.8450 are also close to spot. Expiries can affect trading near the New York cut, but they are not a substitute for the prevailing market direction.

For EUR/USD, monitor 1.1200–1.1225; a sustained move above 1.1225 puts 1.1350 farther up the list, while a failed recovery below 1.1200 brings 1.1160 into focus. For USD/JPY, assess whether 158.00 holds and use 157.00 only if the decline extends. Track USD/CHF at 0.8285 today and 0.8300 next business day. For AUD/USD, 0.6950 is a rebound reference on both dates, with 0.6970–0.6975 a higher zone on October 19. For EUR/GBP, monitor whether spot holds around 0.8450.

These levels are references, not directional forecasts. Consider price action and broader market conditions alongside option data.