EUROPE SUMMARY: Largely Downside Structures

Tuesday's options flow included:

• DUK1 112.20/30cs vs 112.10p, sold the put at 2.5 in 1.25k
• DUM1 112.20/30cs vs 112.00/111.90ps, sold at 0.25 in 2.5k
• DUM1 112.20/10/111.90p fly, bought for 2.5 in 5k
• RXK1 171/172cs 1x2, bought for 10.5 in 1.25k
• RXK1 171.50/172.50cs 1x2, bought for 11 in 3.75k
• RXK1 170/168ps, sold at 17/16.5 in 3k
• RXK1 169/168ps, sold at 5.5 in 2k
• RXM1 174/168.5^^, seems done off market and presume sold at 44 in 5k
• 0RZ1 100.62/100.50ps, 1x2, bought the 1 for 0.75 in 5k (ref 100.51, 20del)
• 0RH2 100.25/100.75 ^^ bought for 6.5 in 4k (v 100.48)
• 3RK1 100.25/100.12ps vs 3RJ1 100.25p x2, bought the ps for half in 2kx4k
• 3RU1 100.125/100.00 put spread vs 100.50 call (v 100.25) bought for 0.75 in2k (bot p/s)
• 3LM1 99.00/98.875 put spread bought for up to 2.75 in 2k