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Large BTP Package, German Downside Feature

OPTIONS

Thursday's Europe bond/rate options flow included:

  • OEG2 133/132.75ps, bought for 6.5 in 3k
  • DUG2 112.20/112ps vs 112.40c, bought the ps for 2 in 3.5k
  • IKG2 143/140ps , bought for 33 in 2.75k
  • IKZ1 150.5/148.5ps vs 152/153cs, sold the ps versus IKF2 147.5/145.5ps vs149/150cs, bought the ps. Net received 9 for the package, traded in 5k. Note expiry for Dec contract is Friday

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