US TSY FUTURES: Long Cover Most Prominent During Tuesday's Downtick
May-14 09:58
OI data points to a mix of net long cover (TU, FV, TY & US) and short setting (UXY & WN) as Tsy futures settled lower on Tuesday.
- The curve-wide bias was tilted towards net long cover.
| 13-May-25 | 12-May-25 | Daily OI Change | OI DV01 Equivalent Change ($) |
TU | 4,069,019 | 4,069,747 | -728 | -26,349 |
FV | 6,829,064 | 6,833,604 | -4,540 | -192,231 |
TY | 4,946,063 | 4,961,839 | -15,776 | -1,004,324 |
UXY | 2,311,357 | 2,302,456 | +8,901 | +773,216 |
US | 1,789,209 | 1,809,046 | -19,837 | -2,473,904 |
WN | 1,893,199 | 1,892,210 | +989 | +177,659 |
|
| Total | -30,991 | -2,745,934 |
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EQUITIES: EU Bank large Risk Reversal
Apr-14 09:50
SX7E (20th June) 145/180RR, bought the call for 0.55 in 15k.
EQUITIES: Looking ahead to Option expiries this Week
Apr-14 09:40
Equity Option expiry is on Thursday this Week, in Notional Terms:
US:
- SPX; $1.37T.
- NDX: $43.13bn.
- Amazon: $14.18bn.
- Apple: $16.24bn.
EU:
- SX5E: €134.84bn.
- SX7E: €11.29bn.
- DAX: €30.06bn.
- FTSE: £11.07bn.
OUTLOOK: Price Signal Summary - Corrective Cycle In S&P E-Minis
Apr-14 09:39
- In the equity space, a short-term reversal in S&P E-Minis last week highlights the start of what appears to be a corrective cycle. The trend condition has been oversold following recent weakness and the move higher is allowing this set-up to unwind. Initial resistance to watch is 5524.91, the 20-day EMA. Resistance at the 50-day EMA is at 5737.71. On the downside, key support and the bear trigger has been defined at 4832.00, the Apr 7 low. Initial support to watch is 5098.16, the 61.8% retracement of the Apr 7 - 10 bounce.
- EUROSTOXX 50 futures traded in an extremely volatile manner last week and rallied sharply higher from recent lows. The climb highlights the start of a corrective cycle and if this is correct, marks an unwinding of the recent oversold trend condition. Resistance levels to watch are 5026.21, the 20-day EMA, and 5153.42, the 50-day EMA. Key support and the bear trigger has been defined at 4444.00, the Apr 7 low. Initial support is seen at 4664.00, the Apr 10 low.
