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Closing part of a massive downside

SHORT-STERLING OPTIONS
  • LU2 99.00p, traded paper to paper and look sold at 7.75 in 6k
  • NOTE: There was a massive option build up at that strike.
  • On January 20th that put was bought for 2.75 in 100k
  • On September 1st and 2nd, it was bought for 72k (7k and 65k respectively).
  • Open interest in that strike are at 312k.

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