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Bobl condor traded vs the put spread

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Large Bobl condor

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Continues to trade on the front foot

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  • Industry experts estimate that the ongoing Numsa steel/engineering strike has cost the sector R500m in lost output in its first week and over R100m in lost wages for employees
  • They say the 300k worker walkout has affected five provinces and caused supply chain disruptions to a number of major firms
  • Numsa has yet to get back to employers about the sweetened 6% wage deal offer (up from 4.4%) - which was offered earlier this week.
  • Employers warn, however, that no matter the outcome, job cuts are highly likely in the aftermath and will become progressively worse the longer the strike persists - News24