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Healthy hedging volumes so far with the.....>

OPTIONS
OPTIONS: Healthy hedging volumes so far with the Fed decision now out of the
way. EUR/USD, USD/JPY and USD/CNY all seeing above average flows for this time
of day. EUR/NOK options are in firm demand, with the put/call ratio leaning in
favour of puts. Longer-dated puts are the most popular trades by notional today,
with trades not due to roll-off until end-Q1 next year and even as far out as
November 2019.
-Implied vol markets are generally mixed, with little firm direction post-Fed.
-Recoveries in EUR/USD vols are shallow, with the 1m tenor still well below 7
vol points at present. 

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