Early SOFR/Treasury Option Roundup

Two-way trade on muted volumes overnight, dog days of summer getting underway, unlikely that data risk tied to this Friday's July employment report is sidelining traders. Underlying futures steady to mildly higher in Tsys, SOFR futures modestly higher in Whites-Reds while rate hike projections through year-end remain muted.

• SOFR Options:
  • 1,000 2QQ3 96.87/97.12 3x2 call spds ref 96.365
  • 3,000 OQU3 95.25/95.62 put spds vs. 2QU3 96.00/96.37 put spds
  • 1,500 OQQ3 95.12/95.50 1x2 put spds vs. 2QQ3 96.31 puts
• Treasury Options:
  • over 3,000 TYU3 112 calls, 33 last
  • 1,500 TYU3 113 calls ref 111-08
  • 1,500 USV3 116/118/119/121 put condors ref 124-13
  • over 5,100 FVV3 108 calls, 35.5 last
  • over 2,800 FVU3106.5 puts, 35 last
  • over 2,500 FVU3 107 calls, 31.5 last