Late SOFR/Treasury Option Roundup

Option trade more mixed Thursday, some chunky put fly trade in SOFR options (+50,000 SFRJ3 94.12/94.25/94.37 put flys, 1.0 ref 94.575) as option accts continued to hedge downside risk in face of stubborn inflation. Large strangle blocks in late trade.

• SOFR Options:
  • Block, 29,200 SFRZ3 94.25/95.25 strangles, 34.5
  • Block, 25,000 SFRZ3 94.50/95.50 strangles, 40.0
  • Update, over +50,000 SFRJ3 94.12/94.25/94.37 put flys, 1.0 ref 94.575
  • 10,000 SFRM3 94.37/94.50/94.56/94.68 put condors, ref 94.565
  • Block, 10,500 SFRM3 94.50/94.62 3x2 put spds 2.0
  • Block, 8,000 SFRN3 94.81/94.93/95.06 put flys, 0.75 ref 94.51
  • Block, 6,000 2QH3 96.25 puts, 16.5 ref 96.155
  • Block, 8,880 SFRJ3 95.00 calls, .5 ref 94.555
  • 6,700 SFRM3 94.43/94.75 strangles, 11.5-12.0 ref 94.565
  • Block, 3,000 OQJ3 95.75/95.93 put spds 4.5 over 2QJ3 96.31/96.50 put spds
• Treasury Options:
  • 5,800 TYM3 108.5/110.5 2x1 put spds, 3 net refc 110-15.5
  • -6,200 TYK3 114 calls, 14 ref 110-17
  • +20,000 wk1 FV 106.75 calls, 3.5 ref 106-12.25 to -12.5
  • 3,000 TYK3 108/109/110 put flys, 20 ref 110-15
  • over 10,200 USM3 116/120 put spds vs. USJ3 122 puts, 17 net/Apr over
  • 7,700 TYJ 110.75/112 vs. TYJ 109.75 puts, 5 net ref 110-25
  • 2,000 TYJ 112.5/113 call spds, 4
  • over 4,400 TYJ3 108.5 puts, 14-15 ref 110-24
  • 2,000 TYK3 107/108 2x1 put spds, ref 110-22
  • 4,000 FVJ3 106 puts, 28.5-29 ref 106-14.75
  • 2,600 USM3 113/114 put spds, 7 ref 123-24
  • 2,500 USJ3 119/119.5 put spds, 5 ref 123-24
  • 2,300 TYK3 109/110 put spds, 21 ref 110-26