• EUR/USD dealers report 2 huge EUR call/USD put strikes trading recently

• There was 1-buyer of 3-month expiry 1.1400 EUR calls on 2.2-billion euros

• Implied volatility was 7.35 which makes the premium $13-pips

• Also, 6-month 1.1800 EUR calls on 1.2-billion, 7.65 vol, premium $16-pips

• Options would give holders the right to buy EUR/USD at strike at expiry

• However, short term price action flags EUR/USD downside fears

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