POWER: Romania Awards 3156MW in Third CfD Wind Tender
Dec-04 13:36
Romania awarded 315.8MW of onshore wind capacity in the third CfD auction with 14 November deadline, according to Economica Net.
- Romania was seeking to award 290MW of wind capacity in the third round.
- The maximum price was at €74.9/MWh and the minimum price at €59.95/MWh.
- The strike prices for the 2025 auction were set at €80/MWh. Project must be completed by 2028.
- The country’s second CfD auction was undersubscribed.
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SONIA OPTIONS: Call Condor vs Put Spread
Nov-04 13:34
SFIH6 96.45/96.55/96.65/96.75c condor vs 96.25/96.15ps, bought the condor for 1.25 in 6k.
CHF: More FX Exchange traded Option
Nov-04 13:25
- CHFUSD (5th Dec) 130.5c, sold at 0.02 in ~1k.
The Underlying December contract trades at 124.23.
EQUITIES: UBS' CTA Exit Triggers Remain Some Distance Away Despite Pullback
Nov-04 13:22
UBS write “continuous positive price action in equities has been very profitable for CTAs in the last three months. Strong Q3 earnings are not derailing the trend, encouraging CTAs to stay put despite heavy positioning”.
- Based on their forecasting model they suggest that “only a 2std downturn scenario will spark some CTA selling, with 6,650 (S&P)/5,450 (SX5E)/9,250 (FTSE100)/46,700 (NIKKEI) acting as respective trigger points”.
- Those levels remain some distance away, despite the previously detailed pullback in equities (which has started to reverse). This suggests that CTA liquidation did not play a part in the equity weakness witnessed during Asia & early London trade.
