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Reminder, August serial ops expire...>

US TSY OPTIONS
US TSY OPTIONS: Reminder, August serial ops expire today. Some amount of
pin-risk in FVU w/ futures hanging around the 117.5 strike. Options 0.5 tic ITM
(0.25 tic for 5-, 2-yr opt's) auto-exercised. According to CME Group data:
*             Calls      Puts      Total   Nearest-the-Money Strike Totals
* Aug 30yr   160,652   294,921    455,573  154.00 w/ 16,593 (6,667c, 9,926P)
*                                          154.50 w/ 12,538 (4,447c, 8,091P)
*                                          155.00 w/ 24,986 (19,651c, 5,335P)
* Aug 10yr   934,892   943,422  1,878,314  127.00 w/ 112,512 (41,676c, 70,836p)
*                                          127.25 w/ 50,577 (13,289c, 37,288p)
*                                          127.50 w/ 89,000 (58,089c, 30,911P)
* Aug 5yr    430,536   823,290  1,253,826  117.25 w/ 75,686 (10,287c, 65,399p)
*                                          117.50 w/ 70,734 (14,494c, 56,240p)
*                                          117.75 w/ 134,376 (82,430c, 51,946p)
* Aug 2yr     50,520   227,426    277,946  107.25 w/ 13,588 (4,138c, 9,450p)
*                                          107.38 w/ 14,856 (5,798c, 9,058p)

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