Eurodollar Put Skew showing signs of life

Check-out the recent moves in Eurodollar put skew, might be a good area to investigate further if you’re looking for reversion trades. This EDU 98.75/87.50 1×2 Put spread is a good example of what’s starting to appear in these types of structures.

Percentile at 15%, it’s cheaper than 85% of the closes in the last 3 years

Payout, breakeven between 98.304/98.694.

Trade booked for tracking + recent trades flagged