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Put Structures En Vogue After Hawkish BoJ Move

OPTIONS

Tuesday's Europe rates / bond options flow included:

  • RXG3 133.50/132.00/130.50 put fly bought for 12.5 in 3k. 132.00 strike equivalent to 2.63% yield
  • RXG3 137/134 put spread sold from 126 down to 123 in 8k (potential profit taking)
  • RXG3 132/131 put spread bought for 14.5 in 2k
  • RXG3 132.50/131.50/130.50/129.50 put condor bought for 8.5 in 2k
  • ERJ3 96.625/96.875 call spread sold at 9 in 8k
  • ERU3 96.375/96.25/96.125/96.00 put condor bought for 1.5 in 3.5k
  • ERZ3 96.375/96.25/96.00/95.75 put condor bought for 1.75 in 4k

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