Live Updates > Live Update Details
2025-09-17 17:35:53
[EUR/USD 1.19-1.20: Huge Options Positions Undercurrent] ⑴ EUR/USD faces a significant amount of options positions in the 1.1900-1.2000 range, which could have a significant impact on the pair's performance. ⑵ Since the beginning of this year, FX options traders have been heavily invested in Euro call barrier options, which grant the holder the right to buy the euro if a specific trigger price is reached but not traded. ⑶ Although many of these options have expired in-the-money, significant positions remain, with some at 1.1900 and a significant concentration at 1.2000. ⑷ In addition, barrier options also exist in this area and beyond, adding to the complexity of the market. ⑸ While the specifics of net positions are unavailable, it is expected that the 1.19-1.20 range will face strong support, potentially increasing volatility and offering upside potential. ⑹ Previously, selling on top gamma helped boost spot and option prices this week. ⑺ The market generally expects that options layout has been prepared for the Federal Reserve’s decision on Wednesday (Beijing time), which may trigger violent fluctuations.
