ER + Option Break-Even = Hidden Support Zone in EUR

A quick look at my slightly crazy trading chart for the Euro futures — here’s what matters today:
🔸 A naked put at 1.55 (circled) has seen outflows of nearly 1,300 contracts, with roughly 3,000 still open — though not all may be "naked" (some could be part of structured positions).
Important context:
This option is still out of the money (obviously), but holders have already made ~2x their initial premium and are now taking profits.

👉 So the right question is:
Why take profits now instead of waiting for further downside?

🔸 Second key point:
Today’s lower ER boundary aligns almost perfectly with the break-even level of this 1.55 put — where some open interest remains.

Now, if these are indeed naked puts (not complex hedged portfolios), then as price approaches this zone, traders will likely start buying futures to build up synthetic portfolio

📌 Result?
Potential bounce or short-term rally from this level.
Not because of bullish sentiment — but speculative logic