Free Trial

Hawkish SOFR Put Fly Buying Continued Pre-FOMC

OPTIONS

Wednesday's US rates/bond options flow included:

  • SFRZ5 94.75/94.25/93.75p fly, bought for 5 in 47.75k today earlier. This structure is building up to over 100k, as this was previously bought for 4 in 50k (on 18th April), and 4.5 in 10k (23rd April).
  • SFRM4 94.75/94.81cs, bought for 0.75 in 10k (on block, 0.70 synth, ref 94.79, 5 del).
  • SFRM4 94.62/94.50ps sold at half in 10k
  • SFRZ4 94.87/94.62/94.37p fly, sold at 6.25 in 7k
  • SFRM4 94.75/94.81cs, traded half in 10k
  • SFRU4 94.56/94.43/94.31p fly, traded half in 9k
  • SFRU4 94.81c, traded 12.5 in 4k
  • SFRV4 94.25/94.00ps traded 1.5 in 14k
  • SFRZ4 94.68p traded 13 in 4k
  • SFRZ4 96/97cs, bought for 4.5 in 3k
  • 0QU4 95.12/95.00ps traded 4.5 in 5k
  • 2QZ4 96.37c traded 17.5 in 8.5k, also traded 17.5 in 5k on Block
  • 0QM4 95.75/95.50/95.25p ladder sold the 1 at half in 5k
  • TYM4 108c, bought for '35 in ~3k

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.