​SX7E Call Selling Continues Post ECB, FOMC

Investors are continuing to use SX7E calls in a bid to reposition after European Central Bank monetary policy announcements two weeks ago and the U.S. Federal Reserve’s Federal Market Open Committee last week.The latest cross of 20,000 SX7E calls at 115 and 10,000 SX7E calls at 120 on Monday morning reflects continued positioning as seen in the over-the-counter market in recent days. Equity derivatives traders in London speculated it was an investor taking a short position.