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Shifting Rate Outlook Spurs Short Cover In Sterling Midcurve Calls

OPTIONS

Tuesday's European rates / bonds options flow included:

  • RXZ1 166.5/170.5^^ , sold at 79 in 1.25k
  • OEZ1 134.50/135.00cs 1x2, bought for 3.5 and 4 in 2k
  • 0RF2 100.25/100.00ps 1x1.5, bought for 2 in 5k
  • 0RH2 100.37c, sold at 3.75 in 10k (ref 100.325)
  • 2RH2 100/99.75/99.50/99.25 put condor bought for 3.25 in 2k
  • 3RZ1 100.12/99.87ps sold at 11.25 in 5k
  • 2LZ1 99.37c, bought for 0.75 in 30k (possibly a short cover)
  • SFIH2 99.55/99.65/99.75c fly, bought for 1.5 in 2k
  • SFIH2 99.35/99.15ps 1x2, bought for 0.75 in 4k

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