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EUROPE SUMMARY: More Short-Sterling Upside

OPTIONS

It's once again been a session dominated by Short Sterling upside, with speculation of / protection against rate cuts in early 2021 running rife (today's apparent escalation in UK-EU tensions hasn't hurt such thinking). This included:

  • LG1 99.875p/100.125c RR, bought the call for half in 29k (ref 99.97, +0.38% del)
  • LF1 100.12c vs LZ0 100.00c, bought the Jan for 0.5 in 21k
  • LH1 99.875 p, sold at 2.75 in close to 39k
  • LH1 99987/100/10012c fly, bought for 3 in 15k
  • LZ0 100.12c, bought for 1 in 6k
  • LH1 99.87/100.00/100.125c fly, bought for 3 in 2k
  • LZ0 99.87/100.00/100.125 c fly, bought for 3.75 in 5k

Other options flow included:

  • DUX0 112.30/112.20/112.00 put fly bought for 1.75 in 2.5k
  • OEV0 134.50 puts bought for 7 and 7.5 in 10k
  • RXV0 173.00/174.50 combo sold at 37.5 in 1.75k (sold put)
BulletMarketsFixed Income Bullets
BulletMarketsFixed Income Bullets

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