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Hedging volumes largely mixed in early US...>

OPTIONS
OPTIONS: Hedging volumes largely mixed in early US trading, with EUR/USD volumes
slipping slightly lower than average for this point in the trading day. USD/JPY,
AUD/USD and (in particular) USD/HKD trades, however, are well above average
Wednesday.
-Today's AUD/USD options notional sums up to close to $4bln, roughly double the
volumes you'd normally expect to see. The AUD/USD put/call ratio today of 0.78
leans in favour of protection against AUD upside, sentiment that will likely
accelerate should spot successfully rally through the 50-dma at $0.7296. 
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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