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EUROPE SUMMARY: Closing September Stg

OPTIONS

Another light day for options trading, though we saw some of this week's theme continued - namely, closing out of existing positions.

  • One was LG1 100.125c, sold at 1.5 in 22k. This is interesting because as a desk source surmises, this looks to be exiting out of 100.125 calls in LG1 99.875p/100.125c risk reversals, bought the call for half in 29k (ref 99.97, +0.38% del), which was traded on Sept 10. And / or LZ0 100.00/100.125cs 1x2 with LG1 100.12/100.25cs 1x1.5, bought for 2.5 in 87k on Sept 11.
  • Noteworthy too was 0LM1 100.12/100.25cs, sold at 2.5 in 35k (ref 99.96)

Other options flow included:

  • 0RH1 100.62c 2x vs 3RH1 100.50/100.62c strip, bought the mid for -1.75 (receives) in 5.6kx2.8k
  • ERZ0 100.50/100.625 call spread bought for 2.75 in 4k (v 100.515, 55d)
  • LZ0 99.75/99.875/100.00 call fly sold at 6 in 7k on the day
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BulletMarketsFixed Income Bullets

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