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EUROPE SUMMARY: Short Sterling Both Ways

OPTIONS

Not much thematically in Tuesday's trades despite a very strong day for core FI. Saw Short Sterling upside as well as downside, and a steepener play in Euribor.via c/s mids.

EGB options flow included:

  • RXU0 179/181cs, sold at 11.5 in 750
  • RXU0 176.5/179^^, sold at 48.5 in 900
  • RXU0 176/175ps, bought for 11.5/11 in 6k
  • RXV0/RXU0 173.5/175.5p cal, bought Oct for 59 in 2k
  • DUU0 112.20/40cs, bought for 3.5 in 15K (ref 112.15)

Euribor options flow included:

  • 0RU0 100.50/100.625cs vs 3RU0 100.50/100.625cs, bought the 1yr for 0.25 in 3k

Short sterling options flow included:

  • LH1 100.00/100.125/100.25c ladder, bought the 1 for 1 in 5k
  • LZ0 99.87/100.00cs with 99.87/100.125cs, sold at 10.75 in 3k
  • LZ0 99.50p, bought for 0.5 in 8k
BulletMarketsFixed Income Bullets
BulletMarketsFixed Income Bullets

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