Rates

USZ 158 Put – 4.367*FVZ 118.25 Put with 35 days to expiry If you’re on the steepening track in the US, the recent drop in… Read More »US 30-Year Vol (USZ) looking cheap again versus US 5-Years (FVZ) – Trade Idea

TYZ 130.00/128.00/126.00 1x3x2 Put Fly with 38.6 days to expiry, -2.6% delta. US 10-Year Put skew remains very flat making it very tough to find… Read More »A US 10-Year (TYZ) 1x3x2 Put Fly that’s looking good value – Trade Idea

Eurodollar June 98.875/99.125/99.375 Call Fly with 249 days to expiry, closed at 0.015 last night A rare one in the current market, the Eurodollar June… Read More »Eurodollar Call Fly Trading with a negative Z-Score – Trade Idea

2y midcurve Mar20 Eurodollar 98.75 straddle with 156 days to expiry Seeing this trade going through this afternoon, despite looking rich on a Vol view,… Read More »Green H 87 Straddle – Trade Analysis

2y midcurve sep20 eurodollar 98.75/98.50/98.25 put ladder with 340 days toexpiry, 10% delta, closed 0.01 Sifting through the trades on Friday, this structure caught our… Read More »2y Midcurve Sep20 Eurodollar 98.75/98.50/98.25 put ladder – Trade Analysis

Check out the skew on Dec20 Eurodollar, unusually out of shape and offering potential trading opportunities. We’ve had this Skew blip on our radar since… Read More »Dec20 Eurodollar Skew update – Trade Idea

2y midcurve Jun20 Eurodollar 98.625 Straddle (254.7 days to expiry) – 2y midcurve Dec19 Eurodollar 98.625 Straddle (72.8 days to expiry) with -4.2% Delta Noticed… Read More »Green M 86 Straddle-Green Z 86 Straddle – Trade Analysis

TYZ 129 Put -4.359*TUZ 107.50 Puts with 52.6 days to expiry. With a lot of talk in the market of Steepeners being the big trade… Read More »US 2-10s Steepeners using Options – Trade Idea

Dec Midcurve 98.625 Call – Dec Midcurve 98.50 Straddle with 74.4 days to expiry, 33.2 Delta. With Dec 20 Eurodollars ticking off this morning (98.515… Read More »Dec Eurodollar Midcurve Strategies – Trade Idea