May 19, 2022 19:23 GMT
Eurodollar/Tsy Option Roundup
US TSYS
Not a lot of follow-through trade from overnight as underlying futures extended session highs by midmorning, rate hike pricing by year end cooling slightly (but still targeting 50bp hikes for at least the next two meetings).
- Scale buyer over 45,000 July 97.37 calls from 10-11 noted overnight. Volume faded as futures see-sawed off midmorning highs into the close. Treasury option volumes dominated by unwinds of soon to expire June options this Friday.
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