Straddles Sales Find Favor On Euro/Dollar

05 Dec 2008

Investors were selling EUR/USD at-the-money straddles to exit positions Thursday in a move to balance their books. Liquidity is tight, prompting traders to put on short-maturity trades.

--Jeanine Prezioso

 
Investors were selling EUR/USD at-the-money straddles to exit positions Thursday in a move to balance their books.

“I think a lot of market makers and banks are/were long gamma and short-dated options and because spot wasn’t moving around enough they’ve decided to dump ...

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