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BNP Paribas out with a trade.........>

US TSY OPTIONS
US TSY OPTIONS: BNP Paribas out with a trade recommendation. "TYZ8 was
attempting to hold above the 118-22 support level - this is the up-trend line
which has been in place since 8th October and rises by 1 tick per day. 118-22
now becomes resistance, and also coincides with the 38.2% fibo of the entire
22nd Aug /8th October sell off. After a 1 point rally in the past 5 sessions and
equities seemingly putting in a recovery, downside in TY looks to be heading
into focus, consider the TYZ8 118.25/117.75 put spread for 5 ticks ref 118-21,
-17%delta, expires 23rd Nov, Vols 3.54%/3.77%."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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