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Chunky May'24 10Y Put Spread Sales

US TSY OPTIONS
Some accounts are unwinding downside put positions (well ahead of the April 26 expiration in this case), booking profits after underlying futures have fallen back to late November levels in short order, possibly looking for a concerted rebound ahead of this Friday's March employment data.
  • -21,500 TYK4 109/110.5 put spds, 47-46 ref 109-23.5 to -24
  • Open interest coming into the session: 70,277 in the 109 put, 56,017 in the 110.5 put.

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