Currency ETF Options

With currency options trading mostly over the counter and outside public exchanges, one way to trade options with FX rates exposure is currency ETF options.

There are optionable ETFs on major currencies by Invesco CurrencyShares, with all their symbols starting with "FX". However, their options are very illiquid, typically trading low hundreds of option contracts per day or less.

Another optionable currency ETF is UUP, which tracks the US dollar index - a weighted geometric mean of the USD rate against a basket of major currencies. EUR has by far the greatest share at 57.6%, followed by JPY, GBP, CAD, SEK, and CHF.

ETF options volume in 2026
rank symbol avg_daily_volume etf_name
141. FXY    =       745  =  Invesco CurrencyShares Japanese Yen Trust
142. UUP    =       729  =  Invesco DB US Dollar Index Bullish Fund
272. FXE    =       179  =  Invesco CurrencyShares Euro Trust