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EUROPE SUMMARY: Plenty Of Upside In Short-Sterling

OPTIONS

Today's European rate/debt options flow included:

  • 0LH1 100.00/100.12/100.25c fly, bought for 1.5 in another 2k (4k total)
  • 0LH1 100.12/100.25/100.50c fly. Bought for 0.75 in 2.5k
  • 0LH1 100.125/100.00 1x2 put spread bought for flat (in terms of the 1) in 2.5k
  • LM1 100.00/100.125/100.25/100.375c condor, bought for 2.75 in 4k
  • LM1 100.12/100.37cs 1x1.5, bought for 3.25 in 10k (ref 100.01, 20 del)
  • LZ1 100^, bought for 23.75 in 500
  • ERU1 100.625c, bought for 4 in 3k (ref 100.55)
  • 3RZ0 100.375/100.25 put spread sold at 1 in 1k
  • RXZ0 178c, bought for 9 in 5k
  • RXZ0 177/178cs 1x2 bought for 3 in 1.25k
  • RXZ0 174.00/173.00ps 1x1.5, bought for 10 in 2.8k
  • RXZ0 174.00p/176.00c^^, sold at 76 in 2.5k
  • RXZ0 175/173 put spread bought for 49/49.5 in 5k

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