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HYBRIDS: Hybrids: Movers - BAT

HYBRIDS

Perps seem unchanged so far despite Equity drop. 

  • Piri will write-up BATS results
  • Equity currently down around 7.5%
  • BATSLN 3.75 Call29 trade z+201; SubSnr +116
  • Utils/Telcos rated BBB- trade with Ave Sub_Snr +92; VW is +186
  • Taking ENBW 5.25 Call29 as a comp: BATSLN is currently +41 vs a low of +30 and recent high +60
  • In line with general rally in Credit, current z+201 is the Tightest of the year. Range +308 -> +201.
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Perps seem unchanged so far despite Equity drop. 

  • Piri will write-up BATS results
  • Equity currently down around 7.5%
  • BATSLN 3.75 Call29 trade z+201; SubSnr +116
  • Utils/Telcos rated BBB- trade with Ave Sub_Snr +92; VW is +186
  • Taking ENBW 5.25 Call29 as a comp: BATSLN is currently +41 vs a low of +30 and recent high +60
  • In line with general rally in Credit, current z+201 is the Tightest of the year. Range +308 -> +201.