🧲 FX Option Expiries Overview – February 19, 2026
分析と予測

🧲 FX Option Expiries Overview – February 19, 2026

19 2月 2026, 12:07
Masayuki Sakamoto
Masayuki Sakamoto
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🧲 FX Option Expiries Overview – February 19, 2026

📍 Spot Levels

  • EUR/USD: 1.1798

  • USD/JPY: 155.04

  • GBP/USD: 1.3496

  • USD/CHF: 0.7721

  • USD/CAD: 1.3687

  • AUD/USD: 0.7064

  • NZD/USD: 0.5979

  • EUR/GBP: 0.8737

🗓 Thursday (Feb 19)

💶 EUR/USD

Large clusters:

  • 1.1650 (2.0bn)

  • 1.1750 (2.0bn)

  • 1.1790 (2.0bn)

  • 1.1800 (2.0bn)

  • 1.1850 (2.4bn) ← Largest nearby

  • 1.1950 (1.2bn)

👉 With spot at 1.1798, the 1.1790–1.1800 zone acts as an immediate magnet.
Above, 1.1850 (2.4bn) is the strongest upside pin.

Structure: Heavy clustering around 1.18 — classic pre-cut pinning behavior.

💴 USD/JPY

Key strikes:

  • 153.00 (3.4bn) ← Very large

  • 155.00 (1.6bn) ← Immediate magnet

  • 156.30–156.50 zone (10bn / 11bn combined area)

👉 With spot at 155.04, 155.00 is the primary pin level.
Above, the 156.30–156.50 band forms a two-layer resistance magnet zone.

💷 GBP/USD

  • 1.3660 (530m)

No strong immediate magnetic cluster near spot.

🍁 USD/CAD

  • 1.3600 (760m)

  • 1.3720 (500m)

👉 With spot at 1.3687, 1.3720 becomes the upside attraction level.

🦘 AUD/USD

  • 0.7075 (740m)

Spot at 0.7064 — mild upside magnetic pull.

🥝 NZD/USD

  • 0.5860 (640m)

Lower-side cushion, but not immediate.

🗓 Friday (Feb 20)

💶 EUR/USD

  • 1.1750 (670m)

  • 1.1775 (750m)

  • 1.1800 (750m)

👉 Repeated 1.18 clustering into Friday — continued pin structure.

💴 USD/JPY

  • 154.00 (1.0bn)

  • 155.00 (1.1bn)

  • 156.65 (720m)

👉 154–155 range-binding structure into Friday cut.

💱 USD/CHF

  • 0.7600 (500m)

🍁 USD/CAD

  • 1.3740 (500m)

  • 1.3775 (580m)

Upper-side magnetic zone into Friday.

📊 Overall Structure

✔ EUR/USD: Massive 1.1800 magnet cluster + 1.1850 major wall
✔ USD/JPY: 155.00 primary pin; 156s layered magnet above
✔ USD/CAD: 1.36–1.37 range constraint
✔ Market tone: Pinning/absorption structure dominates into NY cut — breakout conditions unlikely without fresh catalysts

🧭 Tactical Takeaway

This is not a clean breakout environment.

It’s a “NY cut magnet” market, where:

  • Price is likely to gravitate toward heavy strikes

  • Moves may fade into expiration

  • Breakouts require strong fundamental triggers

Short-term flows favor mean reversion toward large strikes rather than trend extension.


#option