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The big gap open, on the back of the....>

EGB OPTIONS
EGB OPTIONS: The big gap open, on the back of the Middle East wobbles, has
pushed Vol firmer before softening with EGB's fading that latest spike. 
Interest noted was in RXH ^^ sellers. 
Skew is now shifting toward the call. 
Large RX G ps 1x2 buyer. Desk continues to buy put ladders and 1x2 structures to
take advantage of rich put wing. 
-Bund: 
*Feb 173/174.5cs 1x2, sold at 23 in 1k 
*Feb 172/71.5/70.5 p Ladder, bgt for 3 in 2k and 3.5 in 2K 
*Mar 170.5/174 ^^, sold at 88 in 1.5k 
*Feb 170.5/69 ps 1x2, bgt for 10 in 6K
-Schatz: 
*Feb 111.90/80 ps, bgt for 1 in 5K

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