USH 160.50 Puts-4*FVH 119.50 Puts with 16.6 days to expiry
This is a repeat of a similar successful strategy we suggested back in early Jan, hold Put steepeners, as market selloffs (higher yields) currently are steepening the curve, and lower yields are leaving the Puts out if the money, expiring worthless. A potential good switch if you Sell similar delta FVH Puts for a weighted credit vs Buying USH Puts.
The approx. 30 delta USH 160.50 Puts vs 30 delta FVH 119.50 Puts should be tradable at a small credit currently.
