FX options intelligence

Position for the event,
not after it.

See how the options market is positioned into FOMC, CPI, payrolls, and every central bank decision: what's priced in, where the strikes are stacked, and which side is crowded.

See this week's events Read sample playbooks →

G10: currency coverage
Tier 1: macro events tracked
T−24h: pre-event snapshots
Live: skew & OI alerts

Event positioning

SAMPLE DATA · NEXT 7 DAYS

Event	In	Implied	Vol prem	25Δ RR	Positioning
US CPI USD/JPY	—	±118p	+23% rich	-0.62	+41
ECB Rate Decision EUR/USD	—	±64p	-10% cheap	-0.28	-18
FOMC Decision EUR/USD	—	±82p	+22% rich	+0.15	+27
Nonfarm Payrolls USD/JPY	—	±104p	-7% cheap	-0.44	+58
BoE Rate Decision GBP/USD	—	±77p	+31% rich	-0.51	-36
BoJ Policy Statement USD/JPY	—	±141p	-11% cheap	-0.93	+63

Event intelligence

The options market tells you what it expects. We make it readable.

IMPLIED MOVES

Know what's priced in

Straddle-implied moves for every tier-1 release, set against how far the pair actually moved the last eight times.

POSITIONING

See where strikes are stacked

Open interest by strike and expiry, gamma walls, and pin risk around spot, rolled up for each event window.

SKEW

Read the hedging demand

25-delta risk reversals and butterflies tracked into the print, so you can see when one side gets crowded.

INTELLIGENCE

TrueFX Positioning Index

Our proprietary read on crowding, blending options flow, open-interest shifts, and tick-level spot flow into one score.

Strike map

Find the walls before price does.

Large open interest near spot can pin price into expiry or accelerate a break once it gives way. The strike map shows puts and calls for every expiry that spans the event, so you can see where dealers will be forced to hedge.

01 Gamma walls and pin risk around spot
02 Put/call balance at every strike
03 Day-over-day changes in open interest into the release

EUR/USD open interest by strike

Expiries through FOMC · sample data

Puts Calls

1.1000

1.0975

1.0950

1.0925

1.0900

€4.8bn

1.0875

1.0850

Spot 1.0842

1.0825

€5.6bn

1.0800

1.0775

1.0750

1.0725

1.0700

Hover a strike for detail. Heavy strikes near spot tend to pin price into expiry.

Playbooks

A briefing for every event, in plain language.

Each release gets a playbook: how it's priced, how it has traded historically, and where positioning is stretched. Here's what they look like.

FOMC · EUR/USDSAMPLE

Implied is running 22% over realized

The straddle prices ±82 pips against a 67-pip average realized move. Vol looks rich into the decision, with calls slightly bid.

Vol richRR +0.15

BoJ · USD/JPYSAMPLE

Downside skew at its steepest of the week

25Δ risk reversals at −0.93 show heavy demand for yen-strength protection, while the Positioning Index reads crowded long.

Crowded longRR −0.93

ECB · EUR/USDSAMPLE

Options are underpricing the move

±64 pips implied against 71 realized on average. The cheapest event vol on the board, and positioning is close to flat.

Vol cheapIndex −18

curl https://api.truefx.app/v1/events/upcoming?pair=EUR/USD \
  -H "Authorization: Bearer $TRUEFX_KEY"

[{
  "event": "FOMC Decision",
  "release_at": "2026-11-04T19:00:00Z",
  "implied_move_pips": 82,
  "realized_avg_pips": 67,
  "rr_25d": 0.15,
  "positioning_index": 27,
  "key_strikes": { "calls": [1.09, 1.095], "puts": [1.08, 1.075] }
}]

Developer API

Pipe the intelligence into your models.

Implied moves, skew, key strikes, and the Positioning Index for every upcoming event, over REST or streamed over WebSocket as the numbers change.

Walk into the next print prepared.

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Position for the event,not after it.