Today’s Option Market Overview 11 August 2026
Spot Prices
EUR/USD: 1.1541
USD/JPY: 159.17
GBP/USD: 1.3513
USD/CHF: 0.8101
USD/CAD: 1.3927
AUD/USD: 0.7055
NZD/USD: 0.5888
EUR/GBP: 0.8538
Today, 11 August
EUR/USD
・1.1425 ($590 million)
・1.1440 ($1.0 billion)
● 1.1450 ($1.2 billion) Largest
・1.1500 ($670 million)
・1.1545 ($560 million)
・1.1550 ($600 million)
・1.1585 ($770 million)
・1.1600 ($970 million)
The current price is 1.1541.
Today’s largest option is:
● 1.1450 ($1.2 billion) Largest
However, the options closest to the current price are:
・1.1545 ($560 million)
・1.1550 ($600 million)
・1.1585 ($770 million)
・1.1600 ($970 million)
In the short term, the 1.1550–1.1600 range is more likely to influence actual price movements.
USD/JPY
● 157.00 ($550 million) Largest
The current price is 159.17.
The only option is at 157.00, approximately 2.17 yen below the current level.
Therefore, option-related pinning is likely to have only a limited impact today.
GBP/USD
There are no notable large options.
USD/CHF
There are no notable large options.
USD/CAD
There are no notable large options.
AUD/USD
There are no notable large options.
NZD/USD
There are no notable large options.
EUR/GBP
There are no notable large options.
Next Trading Day, 12 August
EUR/USD
・1.1400 ($1.1 billion)
・1.1445 ($740 million)
・1.1500 ($920 million)
・1.1550 ($850 million)
● 1.1600 ($1.2 billion) Largest
The current price is 1.1541.
The largest option for tomorrow is at 1.1600. However, 1.1550 is also close to the current price, making the 1.1550–1.1600 range an important zone.
USD/JPY
・157.00 ($810 million)
● 159.00 ($1.2 billion) Largest
・159.50 ($790 million)
・161.00 ($540 million)
The current price is 159.17.
Tomorrow, a large $1.2 billion option is set at 159.00, very close to the current price.
The 159.00–159.50 range is likely to become the central zone heading into the New York cut.
USD/CAD
● 1.3930 ($560 million) Largest
The current price is 1.3927.
It is almost exactly in line with the current price.
AUD/USD
● 0.7050 ($710 million) Largest
The current price is 0.7055.
This is also almost in line with the current price, making the 0.7050 area likely to act as a pinning level tomorrow.
Overall Structure
・Today, there are few large options outside EUR/USD, so option-related influence is generally limited.
・EUR/USD has a relatively concentrated cluster of nearby options between 1.1550 and 1.1600.
・For USD/JPY, tomorrow’s 159.00 option is more important than today’s 157.00 option because it is much closer to the current price.
・Tomorrow, USD/JPY 159.00, USD/CAD 1.3930, and AUD/USD 0.7050 are all close to current spot levels and may be prone to pinning.
Trading Strategy
EUR/USD
・Watch the battle around 1.1550.
・A move above this level could open the way toward 1.1585–1.1600.
・On the downside, 1.1500 is the first level to watch.
USD/JPY
・Today’s 157.00 option is too far from the current price to have much influence.
・For tomorrow, watch for a pull toward the 159.00–159.50 range.
AUD/USD
・Option-related influence is limited today.
・Tomorrow, 0.7050 is likely to become the central price level.
USD/CAD
・Tomorrow’s 1.3930 option is almost exactly aligned with the current price. Watch for pinning toward the New York cut.
Summary
Today’s key options are:
● EUR/USD 1.1450 ($1.2 billion)
● EUR/USD 1.1600 ($970 million)
● USD/JPY 157.00 ($550 million)
However, based on their distance from current spot prices, the most important levels today are EUR/USD 1.1550–1.1600.
USD/JPY’s 157.00 option is far below the current price, so its impact today is likely to be limited. Tomorrow, however, a large $1.2 billion option is set at 159.00, making the 159.00–159.50 range an important price zone.
