Defensive Put Condor in Nov Bunds

Bund Nov 175.50/174.50/173.50/172.50 Put Condor (65.4 days to expiry, -2.8% Delta), closed 17, Z-Score -2.70

This might be worth a look if you’re expecting some consolidation here, settled near year lows, and stress tests well.

Rally and/or Vol spike the main short term risks.

Historic one year view.

Trade booked for tracking.