I’m just hearing that the barrier at 0.8750 is largely made up of RKOs attached to AUD puts which will add to the size of bids between 0.8770-0.8750 to go against the reported stops through 0.8770-80
Like a knock-out option an RKO has a barrier but only triggered when the option is in the money, so for a Call the barrier would be above spot and for a Put below spot. If the barrier is not triggered the pay out is the same for a vanilla option
No additional news on size or expiry date so use the info as you choose as always, but earlier I reported that today’s 0.8750 expiry is for AUD 300 mln and that there’s also one for the same amount at 0.8800
So that’s our range sorted til later then !
