​Rally Drives Resurgence In SX5E Calls Financed By Down-And-In Puts

The market rally and sharp volatility retracement during the latter part of last week has seen investors increasingly trading Eurostoxx 50 (SX5E) calls financed by puts or down-and-in puts. As the market shows signs of greater calm and short-term vol moves lower, VSTOXX puts and put spreads are also increasingly offering attractive leverage for investors.