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Reminder, May serial ops expire......>

US TSY OPTIONS
US TSY OPTIONS: Reminder, May serial ops expire Friday. Despite recent unwinds,
large amount of amount TYM, FVM ATMs remain, potential pin risk: TYK 123 strike
w/225,962 options (115,889c, 110,073p). 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
* May 30yr   184,241  243,040    427,281  146.00 w/ 18,486 (6,632c, 11,854P)
*                                         146.50 w/ 10,700 (4,911c, 5,789P)
*                                         147.00 w/ 21,031 (8,139c, 12,892P)
* May 10yr 1,267,915  785,788  2,053,703  122.75 w/ 34,659 (5,637c, 29,022p)
*                                         123.00 w/ 225,962 (115,889c, 110,073p)
*                                         123.25 w/ 56,309 (23,887c, 32,422P)
* May 5yr    394,815  681,432  1,072,247  115.00 w/ 86,273 (29,208c, 57,065p)
*                                         115.25 w/ 44,199 (15,154c, 29,045p)
*                                         115.50 w/ 57,355 (36,694c, 20,661p)
* May 2yr     47,406   57,544    104,950  106.25 w/ 19,330 (2,964c, 16,366p)
*                                         106.38 w/ 12,538 (8,658c, 3,880p)

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