Late SOFR/Treasury Option Roundup

Thursday morning's data that showed inflation accelerated in March, squelched carry-over of the prior session's better upside call buying as implied rate cuts for year end receded. Not to say there were no calls bought in the current session, but option flows proved mixed as underlying futures continued to extend session lows in late trade.

• SOFR Options:
  • Block, 6,750 OQM3 95.62/96.00 3x2 put spds, 8.5 net ref 96.525
  • 5,000 SFRK3 94.93/95.06/95.18 call flys, 1.25 net ref 94.905
  • Block, 16,000 SFRH4 93.75/94.00 put spds, 2.0 vs. 96.035
  • 1,500 SFRU3 94.62/95.18/95.75 put flys, ref 95.18
  • 2,000 SFRZ3 96.00/96.50/97.00/97.50 call condors ref 95.61
  • -5,000 OQM3 96.25 puts, 17.5 vs. 96.56/0.30%
  • +10,000 SFRU3 95.00/95.50/96.00 call flys, 5.75 ref 95.225
  • Block, 2,500 SFRZ3 94.87/95.12/95.87/96.12 iron condors, 1.0 net ref 95.675
  • 2,000 SFRZ3 95.00/95.50 2x1 put spds
  • 4,500 SHRH4 94.50/95.00/95.50 put flys ref 96.165
  • 2,000 SFRK3 95.00/95.37 call spds vs. OQK3 96.25 puts
  • 2,000 SFRM3 95.00/95.18 call spds vs. 2QM3 98.00 calls
  • over 3,300 SFRM3 94.81 puts ref 94.955
  • 2,000 OQK3 97.50 calls, ref 96.60
• Treasury Options:
  • Block/screen, 20,000 TYM3 114.5 calls, 112 vs. 114-28/0.60%
  • +7,500 TYM3 112.5 puts, 11
  • 6,500 FVM3 109.5/109.75 put spds, 5.5 ref 109-26.5
  • 2,000 TYM3 114.5 puts, 39 ref 115-11.5
  • 2,000 TYM3 117.5/119.5 call spds ref 115-09.5