Investors tap euro puts

By Beth Shah
08 May 2014

Institutional investors have been buying short-dated euro puts on € against the US dollar as the pair crawls higher.

The majority of the puts are short-dated with overnight tenors. According to fx options traders, the puts have strikes ranging between 1.38 and 1.39 .During Thursday afternoon trading in london, €/$ spot was $1.3863.

“[Thursday] the overnight EUR contracts in particular are right up there, around 12-13% at ...

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