Europe Weekly Flow Report: Short-Term Calls, FTSE Put Collar, DAX Profits

In this week’s Europe Weekly Flow Report, we focus firstly on short-term out-of-the-money call buying in the Eurostoxx 50 (SX5E), and revisit the spike in one-year downside flow during the middle of the week. We also take a look at a sizeable FTSE put spread collar, while also reflecting traders’ confusion as to why skew has not moved in the same manner this week as in other European underlyings. Elsewhere in Europe, some investors have moved to take profits on short-term DAX calls.