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*** Trade update, large call.....>

US EURODLR OPTIONS
US EURODLR OPTIONS: *** Trade update, large call seller in Blue Sep'22 expiry
most likely a closer. Ongoing seller up to
* over -90,000 Blue Sep'22 80 calls sold on day from 5.0-5.5 vs. futures around
97.38.
Paper had been a large buyer (appr 90k) of the calls last fall from 4-4.5 vs.
96.92-.935 (and as bull curve flattener: selling appr 65k Green Jun 77 calls vs.
Blue Sep 80 calls for net credit of 1.0) for pushing open interest to 245,000 as
of today. Legging the curve unwind seems more probable given waning interest in
flatteners, as opposed to reversing the outright calls altogether.

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