It was widely known that a significant barrier was in place at 9.1500, as Lehman advised its clients the day before. “There is a big barrier at 9.15 EUR/SEK that still is defended. Once broken we could head lower quickly and aim for 9.1180,” the bank wrote. The events that took place as the barrier was defended and possibly breached have resulted in some serious accusations flying around, which may apparently result in litigation.
According to well-placed sources, the option position was initiated by Drawbridge, part of the US-listed Fortress Investments Group.
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