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EUROPE SUMMARY: Large Short Cover In Short-Sterling

OPTIONS

Wednesday's options flow included:

  • DUH1 112.30/20/10p fly, bought for 2 in 5k
  • RXH1 176.00/174.50ps, sold at 12.5 in 1k
  • RXH1 177.00/176.00/175.00p fly, bought for 12.5 in 8k
  • RXH1 177/176ps 1x1.5, bought for 16 in 1.8k
  • RXH1 178.0/178.5 call spread bought for 23 in 1k
  • RXH1 177.00/175.50/172 put fly sold at 16.5 in 1k
  • ERM2 100.25/99.75/99.25p fly, bought for 0.75 in 1k
  • ERH2 100.25/100.00/99.75p fly, bought for 0.5 in 1k
  • 3RM1 100.375/100.25ps vs 100.50/100.625cs, bought the ps for net 0.75 in 6.4k
  • LH1 100.00 call sold at 2 in 29.5k (v 99.995)
  • LM1 100.12/100.25c strip, bought for 3.5 in 4k
  • 0LU1 99.625 puts bought for 1.25 in 30.8k - short cover (from 99.625p/100.125c combo)
  • 0LZ1 100.00 calls bought for 11 in 3k (vs 99.96)
  • 3LM1 99.625/99.375 put spread v 2LM1 99.75 put, pays 0.75 for the blue in ~5k
  • 2LU1 99.75/99.50ps with 99.62/99.37ps, bought for 8.25 in 5k
  • 3LZ1 99.50/99.12ps vs 2LZ1 99.62p, bought the blue for half in 2k

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