Some aggressive OTM call buying buy Servicers

Servicers buying out of the Money call options in 10yr. futures this morning. Specifically they have taken $1 bln. notional value of Aug. 121 calls this morning. The alert featured below showing a buy of 2K of the Aug. 122 calls. What caught my attention was the fact they paid 7 tics. It well could be an error, but pit sources stand by the trade. All it tells me combined with the more legitimate purchase of 121 call is that some upside pressure could mount. On the other had we have Merril and Smith Barney selling 5K between them of the Sep. 115.5 calls. Also yield curve trades show selling of 30yr futures vs. buying 5yr. and 10yr. futures. So far those trades are not working very well. To see what I mean go to www.accutic.net and download the alerts. Bigger picture favors rising inflation as most trading especially in the short end is looking for an eventual rate increase from the Fed.