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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
OPTIONS
No doubt about the trades of the day: all Short-Sterling downside, anticipating that the Bank of England will hold fire from cutting rates over the next year. The two standouts were LU1 99.875/99.75ps, bought for 2 in 110k all day (v futures), and LU1 99.875/99.625ps, bought for 3 in a whopping 201k on the day. We also saw LU1 100.00/99.875ps, 1x2, bought for 1.5 in 10k. Underlying ref is ~100.04 by comparison (see chart below).
Also of note, LU1 99.875^ v LU1 100.125 call was sold down from 15.75 in 19.5k to 15.5 in 15k.
Other options flow included:
- RXV0 174/173.50 put spread bought for 9 in 2.4k
- LH1 99.875/100.00/100.125 c ladder, bought for 1 in 2.5k
- LM1 100.00^ v LM1 100.125 call, sold at 13 in 5k
- LU1 100.00^ sold at 22 in 2k
BBG, MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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