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Near-Term Downside, Longer-Term Upside In Bunds Seen Wednesday

OPTIONS

Wednesday's Europe rates/bond options flow included:

  • RXH4 132.50/132.00ps, bought for 8.5 in 15k (expiry Friday)
  • RXJ4 137c, bought for 13.5 up to 14 in 5.5k
  • OEM4 119.50/122.50/125.50c fly bought for 35.5 in 5k
  • ERJ4 96.37/96.12ps 1x2, bought for 5.25 in 4k
  • ERU4 97.00/97.25/97.37 broken c fly, bought for 4.5 in 5k

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