As I mentioned earlier, we’re hearing reports that some big option structures are rolling off this week which had raised hopes that we might at last see some movement. I’m now hearing of some fresh dnt structures at 1.4200/1.4600 and I’m presuming that they have a 1 month timeframe. Let’s hope they’re not too big.
(Double-no-touch (DNT) An options strategy which pays the owner of the structure if prices stay within a pre-defined range during the length of the contract. For instance a 1.30/.35 DNT would pay off if prices do not trade outside that range while the option is in force.
