41000/82000/41000 TLT Mar 125/130/135 call butterflies went up in 3 blocks on the ARCA marked spread. ?

US Treasury

Shares of iShares Barclays 20+ Treasury ETF (TLT) are up 1.92 to 125.74. TLT is near the upper end of the 52 week range.

  • Paper traded 41000/82000/41000 TLT Mar 125/130/135 call butterflies for .95.?
  • The ADV is 51000 contracts.?
  • The OI is 103k/204k/88k contracts.

The volume went up in 3 blocks on the ARCA marked spread. ?The trade appears to be a closing butterfly that the trader picked up when TLT was near 120.? While there is more to go, this part of the volume is locking in substantial profits if a close with TLT up near 6 points from entry.

  • IV 30 is trading 14%.?
  • HV10 is trading for 14%.?
  • IV 30 is trading above the HV 10.

Shares 20+ Year Treasury Bond ETF (the Fund) is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of United States Treasury bonds with remaining maturities greater than 20 years.