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Dec 07 - 07:55 AM

GBP/USD - Big Option Trade Flow Reinforces GBP/USD Warning

By Richard Pace  —  Dec 07 - 06:02 AM
  • 3-month expiry 1.3000 GBP put/USD call paid £350-million at 8.2 implied vol

  • Thats a big amount and gives holder the right to sell GBP 1.30 at expiry

  • Lower spot and higher implied vol would increase the premium before expiry

  • FX option price action is consistent with higher volatility/lower spot risk

  • GBP put (downside) traded volumes highest to calls (topside) since pandemic

  • Related comments nL1N2SS0NDnL1N2SS0HY




For more click on FXBUZ


GBP puts vs call volumes Click here

GBP/USD 1-3-month expiry FX option risk reversals Click here

Source:
Refinitiv IFR Research/Market Commentary

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