The Traderszone Network

Published in TZ Latest News 12 July, 2017 by The TZ Newswire Staff

Bond Trader Bets $10 Million That Volatility Revival Is Imminent

On Tuesday, someone ponied up almost $10 million to buy out-of-the-money put and call options simultaneously on 10-year Treasury futures, in what’s known as a strangle, according to data compiled by Bloomberg and observations of trading levels. The position caught the market’s attention because it involved block sizes of about 63,500, according to CME Group Inc. data. A strangle of that magnitude is rare, and…

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