​Daily Bulletin: Tuesday Dec. 16

BBVA is finding increased interest from investors in the Nordics and Switzerland for autocallable podium structured products linked to a basket of three stocks. The autocallable podium structured product offers investors a proportional coupon feature as opposed to a so-called all-or-nothing coupon, whereby the underlying or underlyings must be at or above their initial level on an observation date for a coupon to be paid. Leonteq is also in the market with a novel tracker certificate linked to the firm’s Wikifolio Social Trading Index, which offers exposure to the 25 most successful Wikifolio certificates. According to market officials, the offering is the first of its kind. In U.S. single stock trading, Ford saw heavy option flow, while trading on SPY January put spreads were also active targeting 196 and 200 strikes.