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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כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.