EUROPE SUMMARY: Downside And Steepeners In Euribor

Wednesday's options flow included:

• RXJ1 170p, sold at 40 and 38 in 2k
• RXJ1 170.50/169.00 1x1.5 put spread bought for 28.5 in 4k (earlier)
• IKJ1 151.00c, bought for 30 in 1.3k (underlying IKM1 is 149.17)
• ERH1 100.50c, sold at 3.25 in 20k (ref 100.53)
• 3RK1 100.25/100.12ps vs 0RK1 100.50/100.37ps, bought the blue for 1.25 in 4.5k
• 3RQ1 100.25/100.125 put spread vs 0RQ1 100.50/100.375 put spread, buys the blue for 2.25 in 2k
• LU1 99.87/100.00/100.12c fly, bought for 4.75 in 5k
• 0LM1 100/99.87ps 1x2 with 0LU1 99.87/99.75ps 1x2, sell the ones at half in 6.4k
• 2LU199.75/99.50ps 1x2, bought for 1.5 in 1k
• 2LU1 99.00 put (v 99.555) with 2LZ1 98.875 put (v 99.485), bought the strip for 5.5 in 10k
• 2LZ1 99.375/99.125 put spread bought up to 7 in 5k (v 99.505)
• 2LZ1 99.25/99.00 put spread bought for up to 5.25 (v 99.50) in 5k
• 3LZ1 98.875/98.50 put spread bought for 6.5 in 5k
• 3LH1 99.75/99.62ps vs 2LH1 99.87/99.75ps, sold the blue at 1 in 4.25k
• 3LM1 98.75 (v 99.34, 7d) bought for 1.75 in 8.5k