Inflation Options - liquidity of market, players, more information?

Hey guys, does anyone know anything about Inflation Options? Are these actively traded? What is the liquidity compares to Inflation Swaps (EUR or USD) and to Swaptions (again, EUR or USD)?

In particular, I am asking these questions on the European inflation options market.

Thanks a lot for your help!

 

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example of what i mean by "wide spreads" in inflation products

5mm notional structured note, with a very simple structure. If total annual CPI greater than x%, note pays excess CPI above x% + 1yr libor, else note just pays 1yr libor. So, kind of like a TIPS or simple inflation linked bond...but with a boundary.

Back then the 1yr libor was around 1% but with QE, the market feared an inflation spike (that never came), hence paying an absurd fee for this note.

Trading desk took ~500k fee to sell that structured note...and i think they took another absurd fee to unwind it when it became clear that inflation would not spike and they didn't want the note anymore.

just google it...you're welcome
 

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