Option traders on CME Group, the market’s largest currency derivatives platform, have seen a flurry of interest from investors buying options to sell on the euro, with a sudden peak of interest around an expected 5¢ fall in the currency’s value following the wave of regime changes in the eurozone.

July put options on the euro, which give the holder the right to sell the euro at a given price any time before July, have seen a sudden, sharp spike in interest from investors looking to sell the single currency at $1.25 against the dollar. At the time of writing, the euro was hovering around $1.295.