​Daily Bulletin: Monday March 16

Flow in the Energy Select Sector SPDR Fund spiked on Monday afternoon, with a sizeable four-way call spread hitting the market as one participant positioned for a rebound in the energy sector in June. The Vanguard REIT ETF (VNQ) also saw higher options flow on Monday, with a put fly traded that positions for a decline in the underlying into April. Today’s EQDerivatives coverage brings you news that Société Générale has been appointed as clearing broker and certificate issuer to Progressive Capital Partners’ new UCITS compliant Linden Core Fund 1x and Linden Core Fund 2x.Elsewhere, Kelly Chu, a senior equity derivatives saleswoman at Barclays in London, has left the firm. In the listed markets, we focus on short-term put options trading in USO and attractive trading strategies in the underlying should spot remain range-bound. In our market round-up, we highlight the departure of a senior trader at Citi.