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Large SFR call spread

US EURODLR OPTIONS
  • SFRH3 96.75/97.00cs, now bought for 2 in 27.5k.
  • Earlier was bought for 1.75 in 12.5k (40k total).
  • Desk suggest that it could be a short cover.
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  • SFRH3 96.75/97.00cs, now bought for 2 in 27.5k.
  • Earlier was bought for 1.75 in 12.5k (40k total).
  • Desk suggest that it could be a short cover.