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### POV: SIDING WITH DOVES -.....>

US EURODLR OPTIONS
US EURODLR OPTIONS: ### POV: SIDING WITH DOVES
- Update on Dec call buyer
* +40,000 Dec 85 calls, 1.0 on screen. Putting skew in perspective via Dec call
buying this morning -- EDZ9 currently 9752.5, EDZ 85 calls are 97.5 bps OTM
w/paper 1.0 bid, EDZ 71 puts are 40bp OTM w/small 1.0 offer. Option accts have
not bailed out of the massive put positions covering year end bought over the
past three weeks -- but upside skew bid paints another picture as to markets
concern over direction for year end. 

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