Snapshot: Dec. 10yr. option Volatility.

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Dial above shows middle value of Dec. near the money calls and puts. The values were taken Delta'd against futures price of 117/04, which is where prices were approx. 8:04 a.m.c.s.t.  As can be seen on the 60 minute chart prices have subsequently rallied a bit and currently pulling back.

Floor sources indicate flows relatively minor highlighted by Credit Suisse buying 3K of the Nov. 118 - 119.5 call 1X2's at a price of 9 tics and New Edge selling 2K of the Dec. 117 puts at a price of 1.26 delta'd against futures 11710.