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Early Trade Recap, Heavy Put Volumes

US TSY OPTIONS
Heavy overnight volumes carry over to early NY trade, implieds buoyed amid better downside put, put spd buying as underlying futures continue to price in four .25bp quarterly rate hikes starting in March.
  • Update, over 50,000 TYH 126 puts from 14-17, 17 last
  • +33,000 FVH 119.25 calls, 27.5 ref: 119-05.25
  • Overnight trade
  • 25,000 FVH 119 puts, 25
  • >60,000 TYG 127 puts, mostly 6
  • 2,600 FVG 120.25 calls, 0.5
  • 15,500 FVH 118.5 puts, 12.5
  • 19,500 FVH 119 puts, 24.5
  • Blocks, 12,000 TYH 124.5/125.5 put spds, 5 vs. 127-24/0.06% from 0757:41 to :49ET.
  • Block, 10,000 FVG 119.25 puts, 18 vs 119-01.75/0.50%
  • Block, 5,000 TYG 128.5 puts, 50 vs. USH2 at 154-10 (Monday evening cross)

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