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EUROPE SUMMARY: Sterling Put Liquidation

OPTIONS

Tuesday's options flow included:

  • RXN1 170/1695/169/168.5p condor, bought for 1 in 2.6k
  • RXN1 170.5/169.50ps bought for 3 in 3k
  • RXQ1 170.5/173^^ sold at 85.5 in 2k
  • ERH2 100.50/62/75c fly bought for 3 in 6k (carry trade)
  • ERU2 100.50/62/75c fly sold at 2.5 in 6k
  • 3RU1 100/99.875ps, sold at 1.5 in 2k
  • 3RH2 100.00p sold at 13.25 in 4k (ref 100.04, 45% del)
  • 3LU1 99.37/99.50cs, bought for 1.75 in 6k
  • 3LZ1 9900/9875ps sold at 7.25 in 4k (ref 99.07)
  • Put liquidation as a strip (at 22.25):
    • 5k 0LZ1 99.375p (vs 99.50, 30% del)
    • 5k 2LU1 99.250p (vs 99.31, 38% del)
    • 5k 2LZ1 99.125p (vs 99.255, 36% del)

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