Repeats with no changes

• There's renewed demand and growing premiums for EUR put/USD call options

• 1-month 25 delta risk reversals reach a new high since July at 0.7

• 2-month 25 delta paid huge amounts at 0.875 Wednesday and is now 0.925

• Risk reversals show the implied volatility premium for USD calls vs USD puts

• Implied volatility gauges realised/actual volatility risks for FX options

• Price action shows EUR/USD still perceived as vulnerable to deeper declines

• Huge near term expiry option strikes in 1.05-1.06 zone help contain for now

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