Today’s Option Market Overview 13 August 2026
Spot Prices
EUR/USD: 1.1520
USD/JPY: 159.37
GBP/USD: 1.3490
USD/CHF: 0.8137
USD/CAD: 1.3948
AUD/USD: 0.7047
NZD/USD: 0.5829
EUR/GBP: 0.8537
Today, 13 August
EUR/USD
・1.1400 (€820 million)
・1.1405 (€550 million)
・1.1415 (€1.6 billion)
・1.1450 (€510 million)
・1.1465 (€520 million)
・1.1500 (€2.0 billion)
・1.1515 (€1.6 billion)
・1.1520 (€830 million)
・1.1525 (€630 million)
・1.1540 (€950 million)
・1.1545 (€1.0 billion)
・1.1550 (€1.8 billion)
・1.1560 (€1.0 billion)
・1.1570 (€640 million)
・1.1575 (€1.8 billion)
・1.1580 (€750 million)
● 1.1600 (€3.2 billion) Largest
・1.1605 (€600 million)
・1.1620 (€940 million)
The current price is 1.1520.
Today’s largest option is at 1.1600, with a notional value of €3.2 billion.
However, major options are heavily concentrated near the current price:
● 1.1500 (€2.0 billion)
● 1.1515 (€1.6 billion)
● 1.1520 (€830 million)
● 1.1545 (€1.0 billion)
● 1.1550 (€1.8 billion)
Accordingly, the 1.1500–1.1550 range is the key short-term zone. If dollar selling strengthens, 1.1600 is likely to emerge as a major upside target.
USD/JPY
・158.00 ($760 million)
・158.25 ($770 million)
・158.50 ($620 million)
● 159.00 ($1.9 billion) Largest
・159.05 ($520 million)
・160.00 ($1.0 billion)
The current price is 159.37.
The key level today is 159.00, where the largest $1.9 billion option is located.
This level is only around 37 pips below the current price, with another option at 159.05. There is also a $1.0 billion option at 160.00 above.
The 159.00–160.00 range is therefore likely to be the main trading range today.
GBP/USD
● 1.3380 (£1.0 billion) Largest
・1.3515 (£590 million)
The current price is 1.3490.
The closest level is 1.3515, around 25 pips above the current price. A move back toward 1.3515 may therefore be favored in the short term, while 1.3380 becomes relevant only if GBP/USD declines more substantially.
USD/CHF
● 0.8100 ($1.6 billion) Largest
The current price is 0.8137.
The strike is around 37 pips below the current price. As a relatively large option level, 0.8100 becomes an important downside target if dollar selling strengthens.
USD/CAD
There are no notably large options today.
AUD/USD
● 0.7000 (A$870 million) Largest
The current price is 0.7047.
The strike is around 47 pips below the current price. The psychologically important 0.7000 level is likely to be watched as key downside support.
NZD/USD
There are no notably large options today.
EUR/GBP
There are no notably large options today.
Next Business Day, 14 August
EUR/USD
・1.1425 (€520 million)
・1.1490 (€1.2 billion)
・1.1500 (€1.6 billion)
・1.1540 (€900 million)
・1.1550 (€1.4 billion)
● 1.1600 (€1.6 billion) Largest
Large options remain concentrated between 1.1500 and 1.1600 tomorrow.
From the current price, the 1.1500–1.1550 area is the nearest central zone.
USD/JPY
● 158.00 ($1.8 billion) Largest
・160.00 ($1.1 billion)
The current price is 159.37.
Tomorrow, large options are positioned at 158.00 and 160.00, placing the current price almost exactly in the middle. The 158.00–160.00 range is clearly defined.
GBP/USD
● 1.3510 (£540 million) Largest
The current price is 1.3490.
With the strike only around 20 pips away, a move back toward 1.3510 may be favored.
USD/CHF
● 0.8155 ($500 million) Largest
The current price is 0.8137.
This level is relatively close to the current price.
USD/CAD
● 1.4100 ($1.4 billion) Largest
The current price is 1.3948.
Although it is some distance away, 1.4100 would become an important upside target if the dollar strengthens further.
AUD/USD
・0.7000 (A$510 million)
● 0.7100 (A$670 million) Largest
The current price is 0.7047.
The pair is trading near the midpoint between 0.7000 and 0.7100, making this range important for tomorrow.
■ Overall Picture
● EUR/USD has a heavy concentration of options between 1.1500 and 1.1550, with a very large €3.2 billion option at 1.1600 above.
● USD/JPY has a $1.9 billion option at 159.00, close to the current price and likely to act as today’s central level.
● USD/CHF has a large $1.6 billion option at 0.8100.
● AUD/USD has important psychological support at 0.7000.
● Tomorrow, the major ranges are USD/JPY at 158.00–160.00 and EUR/USD at 1.1500–1.1600.
■ Trading Strategy
EUR/USD
● Prioritize range trading between 1.1500 and 1.1550.
● A clear break above 1.1550 would shift focus toward 1.1600.
● A break below 1.1500 raises the risk of a decline toward 1.1450.
USD/JPY
● Watch for a move back toward 159.00.
● If 159.00 holds, there may be room for a rebound toward 160.00.
● A clear break below 159.00 would raise the risk of a move into the 158 range.
GBP/USD
● Watch for a short-term move back toward 1.3515.
● A range around 1.3500 is likely.
USD/CHF
● 0.8100 is the key downside target.
● Watch for option-related buying or a rebound if the pair approaches 0.8100.
AUD/USD
● 0.7000 is an important potential support level.
● If 0.7000 holds, there may be room for a rebound toward 0.7100.
■ Summary
Today’s key option levels are:
● EUR/USD: 1.1600 (€3.2 billion)
● EUR/USD: 1.1500 (€2.0 billion)
● USD/JPY: 159.00 ($1.9 billion)
● USD/CHF: 0.8100 ($1.6 billion)
EUR/USD has a dense concentration of large options between 1.1500 and 1.1550, with a very large €3.2 billion option at 1.1600 above. Price action may remain contained in the lower 1.15 range into the New York cut, while 1.1600 is likely to be strongly watched if the pair moves higher.
USD/JPY also has a large $1.9 billion option at 159.00. As this level is close to the current price of 159.37, the main focus today is likely to be a move back toward 159.00.
