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Upside SFR options are favoured

STIR

Early US Rate option flows, again favours some upside, Dovish outlook, rate cut plays:

  • 0QJ4 96.00/96.87cs 1x2, bought for 15.5 in 2.5k.
  • SFRF4 94.75/95.00/95.25c fly bought for 2.5 in 11k total.
  • SFRH4 95.00/96.00cs, bought for 4.5 in 10k.
  • SFRJ4 94.50p, sold at 4.75 in 5k.

Recall Yesterday:

  • SFM4 96.00/97.00cs, was sold at 5.5 in 28k total, Paper is said to be long 250k and doing these to add in:
  • SFRU4 97.00/98.00cs, bought for 6 in another 25k, that's 50k total for 5.75 and 6.

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