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Early Trade Roundup, Bearish Positioning

US TSY OPTIONS
Better downside put buying on net, call and straddle sales weighing on implieds as underlying futures rebound off late overnight lows.
  • -4,000 TYH 128.25 straddles, 1-27
  • +4,000 TYM 125.5 puts, 39-40
  • -5,000 TYH 128.5 calls, 40-38
  • Overnight trade
  • 12,500 TYH 127.5 puts, mostly 28-32 part tied to condor:
  • +5,500 TYH 125.5/126/127/127.5 put condors, 6
  • 5,000 TYJ 124.5/126.5 put spds
  • 5,000 FVH 118.5/119 put spds
  • 10,000 FVH 118/118.75 put spds
  • 5,000 FVH 119/120 strangles
  • 4,600 FVH 119 puts, 15.5

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