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STIR

Pick-up in put structure buying as projected rate hike through year end gains slightly (Nov'23 nearing 50% chance with cumulative implied rate at .112 to 5.439U%.

  • +10,000 SFRZ3 93.50/94.25 put spds, 2.75 vs. 94.595/0.14%, still bid
  • +5,000 SFRH4 94.12/94.37/94.62/94.87 put condors, 10.0
  • 5,500 SFRH4 94.00/94.25/94.37/94.62 put condors ref 94.835 to -.825

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