Free Trial

With Brexit amendment voting due this.......>

OPTIONS
OPTIONS: With Brexit amendment voting due this evening, it's clear markets are
priming for an eventful spell in GBP/USD as overnight implied volatility surges
to the highest levels seen since the General Election in 2017. To that end,
GBP/USD options trades are well ahead of average so far today, with over $2.5bln
in options trades crossing the DTCC vs the less than $1bln you'd expect to see
at this point in a normal session.
-One of the larger GBP trades crossing is what appears to be a GBP/USD 1.31/1.34
strangle, rolling off at Thursday's (Jan31) NY cut for a total notional of just
shy of Gbp200mln. The buyer paid a premium of over $700,000 for the position.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.