​Daily Bulletin: Monday March 9

The flow options market started slow today, as the market tried to digest last Friday’s jobs report and the potential effects an early rates rise could bring. Most trading was seen around sector ETFs, with Industrials and Healthcare receiving the most attention with some put selling. Also in the U.S., we talk to a pension fund looking to diversify its equity variance trades with some rates var swaps. The fund already uses oil variance, as well as equity, and has done gold variance in the past, but rates variance swaps will be a first for the fund when it executes the strategy sometime this year. In Europe, two equity derivatives officials at Deutsche Bank in London have left the firm.