Bond options
As much as traders are buying calls on stocks and equity ETFs, they're (presumably) buying puts on bonds. For only the 3rd time in 22 years, more than 1 million put options were traded on 10-year Treasury notes on Tuesday. The other dates were 2018-10-04 and 2016-11-10. The 50-day average of the put/call ratio for the 10-year is now approaching 2.25 and challenging its record high from January 2014.
