Treasuries remain firm as year end buying continues. I would imagine that as traders book profits in other markets they park the funds in treasuries till their bonuses get calculated. There is a seasonal trend for the treasuries to start performing well around the 1st week of Nov till after thanksgiving often scoring 2 points in price action.
Large fund manager taking advantage of the uptick to sell more Mar. 10yr. 120 and 121 calls. Open interest is over 20K in each of thes strikes, mostly from their shorting activity. Yesterday Jan. 121.5 calls traded heavily over 24K and open interes rose 18K on preliminary reports to around 22K. Floor sources felt some of the buying was a hedge for the player selling the Mar. calls. Today one of the houses handling that business sold 3.5K of the Jan. 121.5 calls @ 5 ticks, I think they paid 4 ticks yesterday.
Other trades from today listed below.
| Filled Orders | |||||
| House | Buy/Sell | Quantity | Strike | Price | Futures |
| 000 | S | 3,500 | TYF121.5c | .05 | 11828/28.5 |
| 000 | S | 5,000 | TYH120c | .53 | 11825.5/27 |
| 000 | S | 5,000 | TYH121c | .33 | 11825.5/26 |
| 560 | B/S | 2,000 | TYF120c | 28.5 | ^11828.5 |
| 000 | S | 1,000 | TYF119strd. | 1.38 | ^11825 |
| 5yr. | |||||
| 560 | B | 8,000 | FVG114.5/116.5 combo's | .40 - .42 call over | 11620-21.5 |
| 714 | B | 5.000 | FVH115/118 comb0 | .07 call over | ^11616.5 |
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