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/EUROPE SUMMARY: Slow start in the..........>

OPTIONS
OPTIONS: /EUROPE SUMMARY: Slow start in the options space which never really
picked up over the course of the day. Morning's highlight being Buyer of 1.5k
RXQ0 (Aug) 173.50/172.50 1x2 put spread for 12. Heard that despite option
volatility being low, desks comfortable to do 'ratio' trades to limit upfront
premium.
- Also saw adding to Schatz put shorts: sold 10k DUU0 111.90 puts at 2.5 (vs
112.07), was sold in 14k Tuesday (also at 2.5).
- Apart from those, little else...
** Short sterling option flow included:
* 0LZ0 100/100.12cs vs 99.625 put, bought for 1 in 5k
* 2LZ0/0LZ0 100 call calendar, sold the 2yr at 0.25 in 4k
* LH1/LU0 99.875/100.00/100.125 c fly roll bought for 1 in 1.5k (bought March)

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