Monday April 6th in 30yr. sector.

 For a rather slow paced Monday, volume only 122K as of 2:00 p.m.c.s.t., did see a couple of bullish trades in the long end. Very cheap low delta trade, but worth noting none the less. With futures trading unchanged on the day as shown, a dealer bought 10K of the June 137 - 139 - 140 call flys at a price of just 4 tics. Note the blue shading located on the lower right part of the dial. In order for this trade to pay, the market would need to move towards the middle strike price where the X is located. As can be seen here prices are currently well below the high end of the range we've traded in the month of March. Towards the end of the open outcry session prices were actually lower on the day trading around 12611.5. During the session there were some other bullish trades. With futures around 12616.5 area paper bought 2.5K of the August 132 - 135 - 136 call flys.. There was also a buyer of June 128 - 129 - 135 call flys, on that trade the dealer received 25 tics on the trade as the premium on the 129 strike when sold twice as this strategy call for, paid more than the other two strikes (wings) cost. For more on activity in 30yr. options and the rest of the yield curve go to www.accutic.net.