​Weekly Bulletin: Nov 3-7

After a heavy options week in most U.S. and European underlyings last Friday, this week concluded with a largely uneventful session following U.S. Non-Farm Payroll figures, despite them being below expectations. The VIX continued to move lower, hovering near 13.42 during Friday afternoon trading in New York, from a close of 13.67 on Thursday. Traders noted that Nov-14 puts found particular favour among investors, although calls were also traded, one example being a Dec-14 16 call. We conclude the week by reporting on cross-asset trading opportunities being considered by hedge funds, particularly long Eurostoxx 50/short risk iTraxx Main relative value trades. Benjamin Clouard, founding partner and cio at Zentak Capital, also discusses why the fund is reducing positions in the majority of European indices that it trades as part of its systematic strategy. Look out for the EQDerivatives Weekly Flow Report, which comes out every Saturday. The first weekly report will be published at 10:00am EST tomorrow covering the major flow trends in equity derivatives in Asia Pacific, Europe and North America. Don’t Miss It!