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Upside Insurance Buying

US EURODLR OPTIONS
Volume trade fairly subdued heading into midday, steady drip of upside call and call spd trade, long put positions holding steady
  • +5,000 Sep 99.50 calls, 2.0 vs. 98.50/0.05%
Recent SOFR option package:
  • 1,500 SFRZ2 98.18/98.31 put spds vs. 98.62/98.75 call spds, 0.0

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