{"id":59131,"date":"2017-07-25T06:52:49","date_gmt":"2017-07-25T10:52:49","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=59131"},"modified":"2017-07-25T06:52:49","modified_gmt":"2017-07-25T10:52:49","slug":"mystery-bond-trader-nets-10m-on-treasury-strangle-gamble","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2017\/mystery-bond-trader-nets-10m-on-treasury-strangle-gamble.html","title":{"rendered":"Mystery Bond Trader Nets $10m on Treasury Strangle Gamble"},"content":{"rendered":"

\n(Bloomberg) The unknown bond trader who placed a potentially record wager in the Treasury options market may have just netted a $10 million profit. The $10 million worth of put and call options on 10-year Treasury futures that the trader purchased on July 11 expired Friday at 3 p.m. in New York. At expiry, the benchmark 10-year yield was about 2.23 percent, down about 15 basis points from when the so-called strangle trade was initiated. This kind of position gains value if there\u2019s a major swing in prices in either direction. Futures prices rose to 126-10, representing profit of about $10 million for whomever made the bet, assuming they didn\u2019t pare the position as it turned profitable.<\/p>\n

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(Bloomberg) The unknown bond trader who placed a potentially record wager in the Treasury options market may have just netted a $10 million profit. The $10 million worth of put and call options on 10-year Treasury futures that the trader […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,3,16048],"tags":[],"class_list":["post-59131","post","type-post","status-publish","format-standard","hentry","category-hedgeco-networks-press-releases","category-hedgeco-news","category-hedgecovest-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/59131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=59131"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/59131\/revisions"}],"predecessor-version":[{"id":59132,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/59131\/revisions\/59132"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=59131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=59131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=59131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}