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Lead Quarterly Makes New Lows

US EURODLR OPTIONS

Overall volumes rather muted so far -- even as lead quarterly extends new low for the year (EDH2 -0.095 to 99.185) -- perhaps a little too aggressively pricing in chance of 50bp liftoff at March 16 FOMC. As Chicago Fed Pres Evans said on CNBC this morning -- the strong jobs data "DOESN'T REALLY CHANGE ANYTHING THAT FED CHAIR POWELL IS POSITIONING FOR" -- where Powell said 25bp hike appeared appropriate at Thu's Senate testimony.

  • +10,000 short Sep 98.50/99.00/99.50 call flys, 6.0
  • scale buyer 10,000 Green Jun 97.50/97.75 put spds
  • near 12,000 Mar 99.06 puts, 4.0 earlier

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