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EQUITIES

Muted Open, S&P Futures Parameters Unchanged

OPTIONS

Larger FX Option Pipeline

COMMODITIES

Oil Moderating, Futures Curve Still Strong

GLOBAL POLITICAL RISK

EU, France Ease Up On Vaccine IP After US States Support

EUROPE SUMMARY: ​Mixed Trade

OPTIONS

A mixed bag throughout the day, with strong activity in November Bund options (as Vol drifted lower), alongside multiple Short-Sterling trades that largely targeted upside though again, mixed. The afternoon proved much quieter as the month came to a close. Today's options flow included:

  • RXX0 174/173.50/173 p ladder bought for 16 in 1.5k
  • RXX0 171p, bought for 3 in 5k and RXX0 172p, bought for 6 in 2k
  • RXX0 175^, sold at 121 in 250 (3.35%)
  • RXX0 173/176.5^^, sold from 24 down to 23 in 1.3k
  • DUX0 112.30/40/50c, sold at 2 in 4.5K
  • LM1 99.875/100.00/100.125c fly, bought for 3.25 in 8k
  • LM1 100.12/100.37cs 1x1.75 bought for 3 in 10k
  • LH1 100c, sold at 4.75 in another 4k, now 9k total
  • LZ0 99.875/100.00/100.125c fly, bought for 4.5 in 2k
  • LH1 100c, sold at 4.75 in 5k
  • 0LM1 100.25/100.50 c/s bgt for 3.25 x 10k
MNI London Bureau | +44 203-865-3807 | tim.cooper@marketnews.com