16,800 TUZ5 104 puts, 2.5 ref 104-03, open interest 40,986 coming into the session.
Reminder - November options expire Friday
US: Trump Intensifies Pressure On Indiana GOP As Dems Eye Redistricting Edge
Nov-17 16:29
US President Donald Trump has reiterated a threat to support primary election challenges against Indiana Republicans who vote against drawing a new congressional map for the state that will be beneficial to the GOP in 2026. A new Indiana map could net the GOP two additional seats in 2026. If the move is blocked by the state legislature, it could hand the initiative to a Democratic counter-move in Virginia.
Trump wrote,” I will be strongly endorsing against any State Senator or House member from [Indiana] that votes against the Republican Party, and our Nation, by not allowing for Redistricting for Congressional seats...”
Trump’s comments come as a pair of favourable redistricting efforts in California and Utah threaten to tip the scales in favour of Democrats, after the GOP initiated a partisan redistricting struggle with an aggressively drawn Texas map.
The New York Times noted last week, “Republicans have had an advantage in this year’s redistricting wars because they control the redistricting process in states with more Democratic-held congressional seats. But this advantage is starting to look shaky — shaky enough that it’s possible to imagine how Democrats could fight the redistricting wars to a draw ahead of the 2026 midterms, and perhaps even win them by the 2028 election.”
According to Polymarket, Democrats have a 71% implied probability of flipping control of the House in 2026. That number is likely to rise if Indiana Republicans refuse to submit to a new map.
Source: Washington Post
FED: US TSY 26W AUCTION: NON-COMP BIDS $1.492 BLN FROM $77.000 BLN TOTAL
Nov-17 16:15
US TSY 26W AUCTION: NON-COMP BIDS $1.492 BLN FROM $77.000 BLN TOTAL