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Late Risk Appetite Gathers Momentum

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Fresh Bear Cycle Low

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Fiscal Tightening And Yield Curves

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Bullish Extension

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Consolidating

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Bund 1x2 C/S Buyer (Friday Expiry)

EGB OPTIONS

RXU0 177.00/177.50 1x2 call spread bought for 3 in 2k
Desk notes that this 1x2 c/s, which expires Friday, ideally targets the 177.50 area seen as recently as last Tuesday (with RXU0 currently at 176.45, first comes resistance at 176.60/176.62 as identified by our tech analyst).

MNI London Bureau | +44 203-865-3807 | tim.cooper@marketnews.com
MNI London Bureau | +44 203-865-3807 | tim.cooper@marketnews.com

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