iShares Longer-term Treasury Bond ETF with notable spread trades
iShares Longer-term Treasury Bond ETF with notable spread trades. One player bought 6.7K Dec 131 puts for $2.50 and sold 9.7K Dec 126 puts at 87c, which appears to be an opening 2X3 and targeting a move to $126 per share. Seaprately, 6.6K Dec 148 calls trade for 10c, 9K Dec 146 calls for 14c, and 15K Dec 138 calls for 79c. This three-way spread traded on ISE and appears to be rolling short calls down to the 138 strike, down from the deep OTM 148 and 146 strikes, based on ISEE data. A third trade is a Mary 145 - 155 call spread at 57c, 7500X, and a closing seller. Total volume is 73K calls and 39K puts. Shares are up $1 to $132.60, as Treasuries attempt to rebound from recent losses.