Yesterday dealers were loading up on out of the money puts in June 30yr. options. They trades on the screen so unfortunately we don’t know if the instigator was a buyer or a seller, but I’d be willing to bet they were buyers with market makers selling, but just a guess at this point. Floor sources did see Merril buying some of the May 30yr. puts yesterday. Exchange report verifies pretty much record volume so far this year in 30yr. options or close to it.
Dealers are buying put structures today vs. the May 10yr. options. As noted earlier there was very good activity yesterday.
| TY | |||||
| 0 | B | 3,000 | K114.5 put | 0.26 | 11528/28.5 |
| Swiss B | B | 500 | K113/114/115 put ladder | 0.06 | 11528.5/29 |
| Swiss B | B | 500 | K113.5/114.5/115.5 put ladders | 0.07 | 11528.5/29 |
| Adv. | B | 600 | K114/114.5 pspreads | 0.07 | 11528.5/29 |
| J.P. Morg | B | 500 | J116 puts | 0.17 | ^11600 |
| Mann | S | 1,000 | M117c | 0.44 | ^11530 |
Goldman putting on some steepening trades in the mid to long end of curve.
| NOB | ||||||
| Goldman | B | 1,500 | TYM | 11530 | ||
| Goldman | S | 1,000 | USM | 11520 | ||
| FOB | ||||||
| Goldman | B | 2,500 | FVM | 11418 | ||
| Goldman | S | 1,000 | USM | 11521 |
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