Friday’s trading on the options market revealed two key developments in JPY:
🔸 Two Straddles appeared in the current front-month expiry series
Plus a mid-sized Call Spread near 0.00675
Upper boundaries: 0.00674 and 0.006799 (marked on chart)
🔍 Key Takeaways:
Option traders are positioning likely for a correction in JPY futures after last week’s sharp drop.
But, Straddle isn’t a directional bet — it’s a volatility play with structure.
Call Spread is a a directional bet
As usual, when price approaches either Straddle boundary, option players will likely convert positions into synthetic calls or puts, reinforcing these levels as BE zones.
🎯 Strategic Levels:
0.00674 – 0.006799 → Potential resistance zone in the medium term
But here’s what’s interesting:
If you apply a Fibonacci retracement tool, the 61.8% level aligns almost perfectly with one of the already marked Straddle levels.
That kind of confluence?
It could attract additional downside liquidity from traders using Fib grids — especially those selling into "expected" reversal zones.
Is it a coincidence?
Sure, probably 😉
🔸 Two Straddles appeared in the current front-month expiry series
Plus a mid-sized Call Spread near 0.00675
Upper boundaries: 0.00674 and 0.006799 (marked on chart)
🔍 Key Takeaways:
Option traders are positioning likely for a correction in JPY futures after last week’s sharp drop.
But, Straddle isn’t a directional bet — it’s a volatility play with structure.
Call Spread is a a directional bet
As usual, when price approaches either Straddle boundary, option players will likely convert positions into synthetic calls or puts, reinforcing these levels as BE zones.
🎯 Strategic Levels:
0.00674 – 0.006799 → Potential resistance zone in the medium term
But here’s what’s interesting:
If you apply a Fibonacci retracement tool, the 61.8% level aligns almost perfectly with one of the already marked Straddle levels.
That kind of confluence?
It could attract additional downside liquidity from traders using Fib grids — especially those selling into "expected" reversal zones.
Is it a coincidence?
Sure, probably 😉
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.