Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
The highlight of the (very slow) day in options was LX0 100.00 calls sold at 1.25 in 11k (vs 99.905, 15d), which appeared to be continued liquidation of position, potentially triggered following the BoE meeting last Thursday that suggested there would be no move into negative rates in the short-term. Prior to the meeting, the contract mid-price was 2.75 but has since collapsed (see chart below).
Open Interest in those November par calls was 22k going into today, and that was after seeing this contract sold before, at 1.5 in 20k on Aug 6 (OI was 44k at the time). Note these were previously bought in size in July, including 10k bought for 2.5 on July 14, and about 30k bought via LX0 / LV0 calendar a week prior.
Apart from that, little of interest in the space, and mainly focused on downside Bund structures (see below).
EGB options flow included:- RXU0 176.50/175.50 put spread bought for 16 in 1.8k
- RXU0 176.50/176.00/175.50/175.00 put condor bought for 7 in 2.1k
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.