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Post-Data SOFR Put Buying

STIR

Post-data put buyers fading the post-ULC data rally for the moment. In the meantime, implied vol recedes as debt ceiling concerns ebb after the Fiscal Responsibility Act passed the House yesterday, focus on Friday's employ data as bill heads to the Senate.

  • +7,500 SFRZ4 94.00 puts, 9.0 ref 96.785
  • +10,000 SFRM3 94.43/94.56 put spds, 0.5
  • +5,000 SFRM3 94.62 puts, 1.25
  • 3,000 SFRM3 94.68/94.75/94.81 put flys, ref 94.7525

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