MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI: US MBA: MARKET COMPOSITE +5.4% SA THRU DEC 06 WK

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Late SOFR/Treasury Option Roundup: SOFR Call Condors

US TSYS
Early option trade was more paired compared to the better upside call trade in the prior session. Slightly better put trade as accts fade the carry-over support in the underlying since Thursday's sharply weaker than expected Philly Fed Mfg Index. Limited upside SOFR call condor the salient second half trade:
  • SOFR Options:
    • Block, 21,400 SFRZ3 96.00/96.50/97.00/97.50 call condors, 5.25 ref 95.505
    • Block, 12,500 SFRZ3 96.00/96.50/97.00/97.50 call condors, 5.0 ref 95.48, more on screen
    • 5,000 SFRN3 94.93/95.12/95.18/95.43 broken call condors ref 95.105
    • +1,500 OQM3 96.00/96.37 2x1 put spds, 1.0
    • -1,500 SFRM3 95.00/95.50 call spds, 4.0
    • -10,000 OQK3 96.00/96.50 call spds, 30.0 ref 96.44
    • 10,000 SFRK3 94.62/94.75/94.81/94.87 put condors ref 94.915
    • 4,000 SFRK3 96.12/96.18/96.56/96.68 call condors ref 94.915
    • 3,000 OQZ3 96.25/96.50 put spds vs. 2QZ3 96.50/96.75 put spds
    • 2,250 SFRM3 94.37/94.56/94.75 put flys, ref 94.91
    • 4,000 SFRK3 95.00/95.12 call spds, ref 94.925
  • Treasury Options:
    • 5,000 FVM3 111.25/112.25 call spds, ref 109-08.5
    • 4,000 FVK3 109.5 puts, 9 ref 109-14.75
    • 4,400 FVM3 108 puts, 17 ref 109-12.75
    • 5,000 FVM3 108.25 puts, 21 ref 109-13.5
    • 11,000 FVM3 111 calls, 19 ref 109-13.75 to -12.75
    • 5,000 TYM3 110 puts vs. 4,000 TYM3 111 puts ref 114-22
    • 5,000 TYM3 117 calls, 24 ref 114-24.5 to -26.5
    • 1,000 TYM3 115.5/117/118.5 call flys
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.