EQUITIES: Large outright Lloyds call buyer

A quick update on the Yen Exchange traded Option Yesterday, looking at the Open Interest the put seller suggest a new Position, OI has moved to ~20k vs ~8.2k Yesterday.

Recall Yesterday:

• JPYUSD (7th Mar) 65.00p, was sold at 0.03 and 0.025 in over 9k..

You are invited to listen to an MNI Webcast with Frank Elderson, Member of the Executive Board of the European Central Bank.

Details below:

• TOPIC OF DISCUSSION: 'Climate Change: Impact on Monetary Policy & Bank Supervision'
• DATE: Wednesday 12 February
• TIME: 10 am to 11:15 am London time / 11 am to 12:15 pm Frankfurt time
• This event is on the record and will run as a Zoom Webinar

To register please go to: MNI Webcast Registration

Konstantinos Tasoulas has been elected as the next Greek President in the fourth round of voting in the country's parliament. Tasoulas hails from the same centre-right New Democracy (ND) party as PM Kyriakos Mitsotakis and since 2019 has served as President (speaker) of the Hellenic Parliament. 

• The Greek presidency is a largely ceremonial role. The president serves as commander-in-chief of the armed forces and also comes to the fore during and after elections to facilitate coalition talks if no single party has won a majority. The next parliamentary election is not due until spring 2027.
• The election of Greek presidents is indirectly carried out by lawmakers in parliament. In the first and second rounds, a supermajority of 200 out of 300 members is required to elect a president. With ND holding 156 seats this was impossible, as was the 180 seat threshold required in the second round. In the fourth round, the threshold drops to a simple majority of 151.
• In the event, 160 lawmakers backed Tasoulas, with 34 supporting centre-left PASOK-KINAL candidate Tasos Giannitsis, 29 for far-left SYRIA's Louka Katseli, and 14 for the far-right Niki's Konstantinos Kyriakoy. A total of 39 abstained by voting present and 24 lawmakers were absent.