It seems that some shorts are taking what they’ve got off the table. No information at the moment as to whether they are just short term trades or something more substantial. We have some options going off at 0.8900 totalling around $674m at 0.8900 and $1.5b going off at 0.8950.
If we take out 0.8900 then we could see more shorts heading for the hills. Offers are layered up to the big figure so there’s a bit to chew through first.
