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*** Latest trade, ongoing buyer of...>

US TSY OPTIONS
US TSY OPTIONS: *** Latest trade, ongoing buyer of way-out-of-the-money puts,
adjusting strikes on another opener
* +75,000 FVM 106 puts at cab-7 (new strike) after buying 74,049 FVM 105.5 puts
at same level Wed (OI at 74,648). Not a hale-Mary, just a fund filling hole in
risk profile associated with 4.53% rate over relatively short life-span of
option (June 5Y options expire May 25).

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