FX options for retail trader

Here is a link that shows currency option activity during regular market hours:

https://www.cmegroup.com/trading/fx/g10/euro-fx_quotes_globex_options.html#optionProductId=8117&strikeRange=ATM

An option has an expensive premium to pay but limits the amount of loss that is possible.

I would instead take futures currency positions or over-the-counter forex positions and just have a stop-loss order. The weekend downside closed-market possibility could be avoided.

For instance, close the position at the end of each trading week and re-open it at the begin of each trading week. During the trading week the stop-loss order is no protection for only about one hour per-day on the forex market or only about 45 minutes per-day on the futures market. Actually some of the forex market does stay open from 5 PM to 6 PM but it is not very liquid.

Now a stop-loss order is not good protection when and if the market goes historically ill-liquid. The market can drastically move past the stop-loss before executing the order.