Options thrive on volatility -measuring expectations with implied volatility

However, it's falling across all maturities, even overnight (next day)

Overnight implied volatility 7.5- low since late Dec for current time of day

Break-even for simple vanilla straddle is $37-pips in either direction

Expiry gets Yellen speech - key points already touted by WSJ nFWN2JU0GY

Italian government confidence vote moves to senate after win in parliament

Loss could dent euro, but option pricing suggests ranges will still prevail

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