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Little earlier ratio.................>

US TSY OPTIONS
US TSY OPTIONS: Little earlier ratio strangles/calendar spd. Don't think it will
last if underlying hold this new range, but vol firmed on midday move off lows.
* 6,374 TYX 119/121 strangles from 32- to 34/64 (mostly 34) vs.
* 13,503 TYZ 118/120 strangles at 32/64

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