📊 FX Option Expiries – February 17, 2026

📊 FX Option Expiries – February 17, 2026

EUR/USD

• 1.2000 (~€940M)

• 1.1900 (~€1.34B) ⭐ Largest

• 1.1700 (~€980M)

👉 Key level: 1.1900

If spot remains in the 1.18s, 1.1900 acts as a strong magnet into the NY cut.
Downside cushion sits at 1.1700.

Structure:
Upper pull toward 1.19, lower support at 1.17.
Classic pin-zone dynamics.

USD/JPY

• 156.00 (~$1.95B) ⭐ Dominant strike

• 151.00 (~$1.09B)

👉 Today’s main battlefield

156.00 is a massive expiry (~$2B).
If price rallies, this level is likely to attract flows strongly.

Below, 151.00 acts as a secondary cushion.

Bias:
Upside gravitation toward 156 in rally phases.

GBP/USD

• 1.3560 (~£770M)

Moderate-sized strike.
Limited binding power unless price trades very close.

USD/CHF

• 0.7730 (~$700M)

Nearby magnet zone.
Can create short-term stabilization if approached.

USD/CAD

• 1.3600 (~$1.02B)

• 1.3500 (~$970M)

👉 Clear range-binding structure between 1.35–1.36.

Expect mean-reversion behavior inside this corridor.

AUD/USD

• 0.7025 (~A$450M)

Smaller strike.
Localized magnet if price trades near the level.

NZD/USD

• 0.6100 (~NZ$140M)

• 0.5975 (~NZ$200M)

Relatively light expiries.
Limited structural constraint.

EUR/GBP

• 0.8970 (~€120M)

Small size.
Minimal broader market impact.

✔ EUR/USD: 1.1900 is the dominant magnet
✔ USD/JPY: 156.00 is the overwhelming focal point
✔ USD/CAD: 1.35–1.36 range-binding zone
✔ Broadly: market favors pinning dynamics over breakout behavior

This is not a momentum day.
It is a “gravitation and stabilization” type session —
watch where price gets pulled, not where it tries to run.