Shares of the iShares Barclays 7-10 year Treasury ETF (IEF) are down .06 to 102.49.? IEF is in the middle of the 52 week range.

Today paper traded 5000 Jun 100/102 put spreads for .60.? The ADV is 687 contracts.? The OI is 6669 on the 100s and 507 on the 102s.

The volume went up in 500 lot blocks.? The spread traded in what looks like a roll from the 100 strike to the 102 strike.? Essentially closing out the OI on Jun 100s and buying the Jun 102s.? This is worth checking the OI but the trader looks like they want to stay short the IEF.

30-day implied volatility is 5%.?? 10-day implied volatility is 2%.? 30 day implied volatility is trading above the 10 Day Historical volatility.

iShares 7-10 Year Treasury Bond ETF (the Fund) is an is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of the United States Treasury bonds with remaining maturities between seven and ten years.