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Mixed Trade Includes Near-Term ECB-Related Downside

OPTIONS

Thursday's Europe rates/bond options flow included:

  • SFIM4 95.15/95.25/95.35/95.45c condor, bought for 1.5 in 2k
  • SFIJ4 95.50/95.70/95.90 call fly paper paid 2 on 10K
  • ERJ4 96.50/96.62/96.75/97.00 'broken' call condor Bought for 1.75 in 8k
  • ERH4 96.25/96.375/96.50 call fly vs 96.00 put, pays 1.25 in 6.5k (vs 96.625)
  • Bund downside, covers the ECB decision on Jan 25:
    • RXG4 131.50p, bought for 6.5 and 7 in 10k
    • RXG4 131.00p, bought for 5 in 7k
    • RXG4 130.50p, bought for 3.5 and 4 in 8k

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