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Europe Summary: Short Sterling Upside

OPTIONS

A day of two halves, in which EGB vol started fairly firmly, but faded from midday onward. Short Sterling proved more interesting, with a series of upside trades. Highlighted by LH1 100.12/100.25/100.37 c fly 1x1.5x0.5, bought for 1.5 in 20k.

EGB options flow included:

  • RXU0 178.00/50cs 1x2, sold at 14 in 1k
  • RXU0 177.00/50^^sold 122/121 in 900
  • RXU0 177^ sold at 146/145 in 300
  • RXV0 174.5^, sold at 303 in 500
  • OEU0 134.50/135.50 RR 1x1.5, sold call at 14 in 500

Short sterling options flow included:

  • 0LV0 100.125/100.25cs, bought for 1.75 in 2k
  • LZ0 100/100.12/100.25c fly, bought for 1.25 in 7k
  • LZ0 99.875/99.75 put spread vs LH1 99.875/99.75 put spread, bought for 0.25 in 3k (+Dec)
BulletMarketsFixed Income Bullets
BulletMarketsFixed Income Bullets

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