Bund skew

25 delta Bund skew  took a tumble today as protection for a big downside move in bunds is in Demand  I guess, Bunds + 100 ticks.My take is that  the extreme event is now more likely to be a  Down move in prices not an up move.Someone was playing that scenario wrong weren’t  they?

skew

 

 

 

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.