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OPTIONS: Heavy Euribor Upside Ahead Of ECB Decision

OPTIONS

Wednesday's Europe rates/bond options flow included:

  • ERM5 98.12/98.25cs, bought for half in 79.5k total. (Said to be some positioning.)
  • ERM5 98.00/98.12/98.25c fly, bought for 1.25 in 20k
  • ERM5 98.25/98.37 call spread paper paid 0.25 on 10K.
  • ERM5 97.75/97.875/98.00c fly vs 98.00/98.125/98.25/98.375c condor, bought the condor for 0.25 in 8k.
  • ERM5 97.875/98.00/98.125/98.25c condor vs 97.5625/97.4375ps, bought the condor for 0.75 in 2k.
  • ERM5 97.8125/97.9375cs, sold at 3.75 in 4
  • SFIM5 96.00/96.50/97.00c fly sold at 4.5 down to 4.25 in 2.5k
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Wednesday's Europe rates/bond options flow included:

  • ERM5 98.12/98.25cs, bought for half in 79.5k total. (Said to be some positioning.)
  • ERM5 98.00/98.12/98.25c fly, bought for 1.25 in 20k
  • ERM5 98.25/98.37 call spread paper paid 0.25 on 10K.
  • ERM5 97.75/97.875/98.00c fly vs 98.00/98.125/98.25/98.375c condor, bought the condor for 0.25 in 8k.
  • ERM5 97.875/98.00/98.125/98.25c condor vs 97.5625/97.4375ps, bought the condor for 0.75 in 2k.
  • ERM5 97.8125/97.9375cs, sold at 3.75 in 4
  • SFIM5 96.00/96.50/97.00c fly sold at 4.5 down to 4.25 in 2.5k