### POV, On the heavy put........>

US EURODLR OPTIONS: ### POV, On the heavy put volume largely driven by some

large limited downside put condor and put spds earlier in Green Dec (2y

midcurve) options, steady selling on profit taking, liquidation of old longs

reported. Trading desks note skew slightly to calls at moment, desks still long

a lot of duration and puts. That said, Dec rate hike probability up to 72.9%

from 64.1% on Tuesday. Appears while some accts are liquidating, others still

holding on to positions that hedge no hike at year end. The Fed remains data

dependent and some Fed officials (Kashkari for one) still worry about flagging

inflation. The game is on. Latest trade. 

* +10,000 short Dec 78/81/82 put flys, 1.0

* -5,000 Green Dec 80 puts, 8.0

* 3,000 short Dec 81/82/83 put trees, 2.0

* 4,250 Blue Dec 76 puts, 5.5 vs. 97.825