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EUROPE SUMMARY: Profitable Closing Of Bullish Schatz Position

OPTIONS
A fairly unremarkable day for trading, but we did see what one desk said was liquidation in a bullish 3-way trade: DUZ0 112.30/112.50 c/s v DUZ0 112.10 put, sold at 3.5 in 13k. On Sep 1 we saw this structure bought for 2 in around 40k. Otherwise, not much thematically on the day across the options space.
  • RXZ0 176/176.50cs, sold at 12.5 in 2k
  • 0RZ0 100.50/62cs vs 3RZ0 100.50c, bought the cs for 1.25 in 4k
  • ERM1/ERU1 100.62/75/87c fly strip, bought for 3 in 5k
  • LU1 100.00/99.87ps 1x2, bought for 1.625 synth in 5k
  • 0LH1 100.125/100.00 1x2 ps sold at 0.5 in 5k (sold the 2)

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