Alert: 900 Million Euro PUT, Betting That The Euro will crash within 2 weeks, Rocks the FX Market
A EUR900 million trade rocked the London options markets this morning.
The two- week put on the euro against the U.S. dollar stood out as options trading in EUR/USD has been quiet this year due to the range-bound nature of spot, according to traders in London.
The put was struck at USD1.2800 when volatility was at 9.8%. One senior trader in London noted that recent concerns over the stability of Cyprus have now fuelled activity.
*Term Structure*
*EUR/USD* *Fwd Rate* *Fwd Pips* *ATM Vol* *25d RR* *25d Bfly*
Spot: 1.2927/28
1W 1.29276/88 0.7/0.10 10.025 -0.95 0.15
1M 1.29298/311 3/3.2 8.975 -1.2 0.15
2M 1.29330/41 6.1/6.3 8.95 -1.35 0.2
3M 1.29359/70 9/9.2 8.95 -1.45 0.2
6M 1.29457/73 18.8/19.4 9.05 -1.6 0.25
9M 1.29570/88 30.1/30.9 9.239 -1.65 0.3
1Y 1.29679/724 41.1/44.6 9.35 -1.7 0.3
/Source: SuperDerivatives SGX/
Strategists at Credit Suisse noted that EUR/USD is likely to remain sensitive to Cyprus in the near-term. “We remain of the view that the likelihood of a systemic outcome is low, and as such maintain a medium-term bullish view on the euro.”
Martyn Harrison, fx options sales/trader at Marex Spectron in London told /DI/ EUR/USD one-year cross-currency basis swaps have rebounded from -28.9 basis points to -25 basis points following the large moves over the last couple of days.
“We see dips to 1.2806 technical support as a potential buying opportunity,” wrote fx strategists at BNP Paribas in a report. They noted that the currency pair still face significant headline risks, but
appear relatively cheap relative to the euro periphery-core bond yield spreads.
Two-week realized volatility on EUR/USD sat at 7.5% during London afternoon trading, while two-week implied was 9.3%. EUR/USD spot was USD1.2915 at press time.
Please share this article
2013-03-22 21:19:29
Source: http://totalinvestor.blogspot.com/2013/03/alert-900-million-euro-put-betting-that.html
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,811,707,965 |
| Stories: | 8,653,125 |
Whistler Blowers, Insiders
That’s surefire proof we are almost through.
Check this one out…
ALL U.S. BANKS TO GO FULL BLOWN BIOMETRIC WITHIN 3 WEEKS???
/alternative/2013/03/americas-cyprus-crisis-all-u-s-banks-to-go-fullblown-biometric-within-3-weeks-2602080.html
So what do we really want to know about this? WHO THE HELL_O WAS IT that made the bet? That will tell us a lot more than simply the fact that the bet was made. That kind of money only comes from certain sources and has other purposes behind it than simply making money. Find out and tell us who made that bet!!
starting to look like a safe bet. If I had a couple of spare hundred million laying around I’d put a lazy fifty or so on it too.
pray for the people of Cyprus when the banks open tomorrow. it’s gonna be a zoo.