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Put Pick Up As Underlying Reverses

US TSY OPTIONS

Underlying rate futures started to sell-off prior to final June services PMI (52.7 (FLSH 51.6; MAY 53.4), accelerating the sell-off after ISM June services composite Index 55.3.

  • near 11,000 FVU 112 puts, 42 last
  • +5,000 TYQ 118 puts, 24
  • +5,000 wk1 TY 119/119.5 put spds, 4-4.5
  • 3,500 TYU2 111.5/116 2x1 put spds
  • 1,500 TYU 115/119 2x1 put spds

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