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5Y, 10Y Call Buy Update, May Skew Flat

US TSY OPTIONS

Much better call buying in 5s today:

    • +62,000 FVK 117.25 calls, 13.5
    • +3,500 TYM 130 calls, 9
  • Even so -- put skew holding flat to slightly bid:
    • TYK 126/123 risk reversal covered vs. 124-16: -1/0
    • FVK 117/115.5 risk reversal covered vs. 116-08: -0.5/0
  • Puts trade little richer in longer expirys, option desks say.

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