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BLOCK, 2Y Midcurve/Green Feb Puts

US EURODLR OPTIONS
  • Total of +40,000 Green Feb (March'24 underlying but expire same time as front Feb: 2/11) 97.62 puts, 1.5 from 0659:44 to 0701:02ET.
  • Greens (Mar'24-Dec'24) are current inflection point where current tighter policy opinions falter, differing opinions on if/when hikes stop, chances of easing or resumption of accommodation starts getting priced in.
  • Note Green Dec'24 futures (97.935) inversion vs. Blues (EDH5-EDZ5: 97.94-97.95) has increased slightly since Monday.

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