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The ECB meeting appears to have shaken......>

OPTIONS
OPTIONS: The ECB meeting appears to have shaken some of the cobwebs out of FX
options activity after a particularly quiet morning. EUR/USD options trading
surged over the meeting and total volume for the day now sits above recent
averages. Despite the pullback in the EUR/USD spot price, EUR/USD calls
outweighed that of puts following the beginning of Draghi's press conference.
Most trades crossing were volatility bets including a large 1.1185/1.1405 1m
strangle as well as a $1.1260 overnight straddle due to expire at tomorrow's cut
for a total notional of over E30mln.

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