10yr options trade targeting 1.95% by mid-FEB
File this one under DAY 1 for the bears … spotted about 1235p from Bolingbroke on the Terminal,
U.S. 10-Year Option Bought Targets 1.95% Yield by Mid-February
(Bloomberg) -- In Treasury options, demand has emerged for downside protection in 10-year contracts as selloff has extended over U.S. morning session. Notable flows include heavy buying of March 2022 puts, targeting a 10-year yield of around 1.95% ahead of expiry.
All session around 21,000 March 127.00 puts have been bought at 14, says U.S. trader
March options expire Feb. 18, with open interest in the strike about 161.2k; premium paid on the position equates to around $4.6 million
U.S. 10-year rose as much as 11bp to 1.62% Monday, highest since November
Meanwhile, options trading is one thing, technical TLINE ‘analysis’ something else and for those attempting to draw random lines in the sand, add this to list,
#options
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