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EUROPE SUMMARY: Bund Risk Reversals, Mixed Sterling

OPTIONS

Thursday's options flow included:

  • RXK1 173c bought for 21, 22, 22.5 in ~24k. Said to be part of a condor leg short cover.
  • RXK1 167.5/173.5 RR, bought the put for 4.5 in 2.5k
  • RXK1 170/171.5 RR, bought the put for 4 in 1.5k
  • DUK1 112.10^ sold at 10 in 1.25k (6k total between yesterday and today)
  • ERM1 100.37/100.62 combo, bought the put for 0.25 in 5k (ref 100.535)
  • 0RU1 100.37p, sold at 2 in 3.5k total
  • 0RZ1 10062/100.50ps 1x2, bought for 0.25 in 3k and 6k
  • 0LU1 99.37/99.00ps, bought for 2.5 in 10k (ref 99.685)
  • 0LU1 99.50/99.25ps, bought for 3.75 in 10k (same ref)
  • 0LZ1 99.75 call bought for 9 in 40k (v 99.615)
  • 0LZ1 99.50/99.62/99.75c ladder, sold the 2 at 1 in 50k

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