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EUROPE SUMMARY: Stg Short Cover And Bund Downside

OPTIONS

Today's European rates/bond options flow included:

  • Stg Vol seller: LF1 100.00^ sold at 8.5 in 2k all day
  • Stg Bull flattener: 0LM1/LM1 100.12/100.25cs, bought the mid for half in 4.5k
  • Stg Short cover: LH1 99.875/100.00^^, bought for 6 in 10k - potentially short cover as has been sold at 6.5 incl yesterday
  • Bund call seller: RXZ0 176c, sold at 59.5 in 1.8k (ref 175.54)
  • Bund downside: RXZ0 174.50/173.00ps vs 178.00c, bought the ps for 15 and 17 in 1.7k calls.
  • Bund far OTM downside: RXZ0 166.00p, bought for 1 in 2.6k

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