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Rate Hike Plays And Bond Downside

OPTIONS

Friday's Europe rates / bond options flow included:

  • DUM2 110.50/110.10 put spread vs 110.90 call, received net -3/-2.75 in 6.5k (bought PS, sold C)
  • DUK2 111.00 call bought for 4.5/5 in 11k
  • DUM2 110.90/111.10 call strip sold at 8.25 in 4.3k
  • OEM2 127p bought for 48 in 3k
  • RXU2 145/142/139 put fly, bought for 9 in 2k
  • ERU2 100.25/100.12/99.87 broken p fly, sold at -2 in 4k
  • ERZ2 99.25/99.625/100.00 call fly, bought for 9.5 in 10k
  • ERH3 98.75p bought for 22.75 in 5k (ref 99.175)
  • 0RM2 98.50/98.25ps, bought for 5.5 in 14k
  • 0RZ2 9837/9800/9762 pfly, bought for 4.5 in 6k

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