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FVJ4 106.00 Puts Provide The Flow Highlight Thus Far

US TSY OPTIONS

Flow has been relatively limited, with participants eying macro risk events due later in the week, although there has been one standout trade of note.

  • FVJ4 106.00 puts saw paper pay 0-07 on 30K in early NY hours.
  • Desks note that the position targets a ~10bp move higher in 5-Year yields (to ~4.45%) by Friday’s expiry.
  • This could be a fresh position ahead of this week’s heavy central bank schedule, although there is also the potential for short cover with OI in the contract sitting just below 35K.
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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