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*** Latest trade, heavy put......>

US EURODLR OPTIONS
US EURODLR OPTIONS: *** Latest trade, heavy put condor buying -- fading the
rally (Dec starting to price in 50bps rate cut by year end -- MNIs PINCH model
has probability of 25bp cut at 122%)
* Update, over +100,000 Dec 71/72/73/75 put condors from 3.5-4.0 on day, scale
buyer at 3.5-4.0 adding to +120k position from 5.5 high over last week
Additional put condor trade last few minutes covering mid-year
* +10,000 short Jul 81/83/86/88put condors at 4.5
* 20,000 Jul 76/77/78/80 put condors, 2.75

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