Late SOFR/Treasury Option Roundup

Better limited downside put structures noted in SOFR options carried over from overnight. Early Treasury options saw better upside call trade in 5s and 10s, segued to 10Y puts by midday as underlying futures trading weaker.

• SOFR Options:
  • 3,400 SFRM3 94.81/94.93 put spds 6.5 ref 94.91
  • +5,000 SFRK3 95.00/95.12 call spds, 1.75
  • -4,000 SFRU3 95.12 straddles, 68.0-67.5 ref 95.205
  • Block, 5,500 SFRH4 96.75/97.50/98.25 call flys, 6.0 ref 95.995 to 96.00
  • Block, 3,000 SFRN3 94.50/94.75/95.06/95.18 put condors, 4.0 ref 95.185
  • 1,750 SFRN3 94.62/94.87 put spds, ref 95.195
  • Block, 4,000 OQK3 95.81/96.00/96.25 broken put flys, 4.5 vs. 96.45/0.10%
  • 7,500 SFRM3 95.00/95.06/95.12/95.18 put condors
  • 3,000 SFRN3 94.50/94.93/95.00/95.18 put condors
  • Block, 5,000 SFRU3 94.87/94.75/95.37/95.50 iron condors vs. 95.215/0.10%
• Treasury Options:
  • 4,000 TYK 113.5 puts, 6 ref 114-10.5
  • 5,000 TYK3 113.5/114 put spds, 8 legged
  • Block, 5,000 TYM 113.5/114.5 3x2 put spds, 12 ref 114-13
  • 6,600 TYM3 113.5/114.5 put spds, 29 ref 114-12.5
  • over 5,100 FVK3 111.5 calls, 1 ref 109-07.75
  • Update over 12,700 TYK3 114 puts, 7 to 10 ref 114-26.5 to -15.5
  • -12,000 FVK 109/109.5 put spds, 17
  • 8,800 TYM3 114 puts, 50 ref 114-21.5
  • 3,000 TYK3 113 puts, 2 ref 114-26.5
  • 2,100 TYK3 118/119.75 1x2 call spds ref 114-29
  • 2,200 TYM 113 puts, ref 114-26.5
  • 5,250 FVM3 110 calls, 38 ref 109-16.5
  • 1,500 FVM3 112.5 calls, 7 ref 109-15.5
  • 2,000 TYM3 118 calls, 16 ref 114-30.5
  • 2,000 TYK3 115 calls, 21 ref 114-29.5