Notable FX Option Expiries for today's NY cut: 11th November 2026

• EUR/USD: 1.1100 (EUR 552mln), 1.1160 (EUR 617mln), 1.1195 (EUR 986mln), 1.1205 (EUR 592mln), 1.1210 (EUR 2.2bln), 1.1215 (EUR 935mln), 1.1220 (EUR 901mln), 1.1240 (EUR 1bln), 1.1250 (EUR 924mln), 1.1300 (EUR 915mln), 1.1350 (EUR 554mln)
• USD/JPY: 157.00 (USD 1.1bln), 157.40 (USD 556mln), 157.70 (USD 1.4bln), 157.75 (USD 711mln), 159.00 (USD 523mln), 160.00 (USD 521mln)
• USD/CHF: 0.8165 (USD 735mln)
• USD/CAD: 1.4150 (USD 1.1bln)
• AUD/USD: 0.6960 (AUD 542mln)
• EUR/GBP: 0.8330 (EUR 511mln), 0.8400 (EUR 936mln)

Large option expiries into the New York cut are a recurring fixture, and the established pattern is gravitational: spot tends to drift toward the biggest strikes as the cut approaches, with hedging flows from option desks defending those levels, before the pull releases once the expiries roll off. The distinction that matters is size relative to typical daily turnover in the pair: the EUR 2.2bln print at 1.1210 in EUR/USD sits within a dense cluster of strikes from roughly 1.1195 to 1.1250, and clusters of that kind have tended to anchor spot in the surrounding range through the morning rather than a single level. In USD/JPY the notable expiries at 157.00 and 157.70 sit near the pair's upper reaches, a zone where verbal intervention risk has historically compounded the pinning effect, so the interplay between expiry gravity and official jawboning is the live consideration there. USD/CAD's 1.4150 and the EUR/GBP 0.8400 strikes are the other sizable prints; the smaller entries are routine and rarely leave a mark. The usual tell is whether spot is already sitting on a big strike going into the cut, in which case the post-expiry move, once hedges unwind, has tended to be the more directional one.