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***/HUGE DOVISH..............>

SHORT-STERLING OPTIONS
SHORT-STERLING OPTIONS: ***/HUGE DOVISH STRUCTURES: In case you missed it, late
Wednesday we saw a total of nearly 900k in Short-Sterling options blocked in
upside structures with Dec19 and Mar20 expiries.
- Some contacts saying cover / hedge. Looks like eyeing No Deal Brexit and/or
lower BoE rates through Dec/March.
* L Z9 99.75/99.875 call spread, paper pays 0.75 for 60k (17:54:18BST)
* L Z9 99.75/99.875/100.00 call fly, paper pays 0.5 for 58.5k (17:49:45)
* L H0 99.75/99.875/100.00 call fly, paper pays 0.75 for 74.5k (17:48:53)
- And earlier...
* L Z9 99.625/99.75 1x1.5 call spread bought for 1.25 in 46k (16:22:49),
which was earlier bought (15:50-15:51) up to 1 in 44k x 66k (i.e. 90k on day).

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