Milder than expected inflation data led to markets pricing in roughly a 50% chance that the FED cuts rates three times this year. CPI rose 0.2% (MoM) & 2.4% (YoY) - the lowest yearly change since 2021. The odds of the FOMC cutting rates by its April 29th meeting is currently 28.5%
Sofr Option Vols were mixed with Whites & Reds mostly higher.
sfrg6 9643 9637 p 2x3 paper paid 7.25 7500x
sfrh6 9637 9643 9650 c fly paper paid .25-.5 20kx
sfrh6 9650 9675 call spread paper paid 1.75 10kx ref 96.405
sfrj6 9643 put paper paid 1 15kx ref 96.635
sfrj6 9675 9687 call spread (tied 96.535 d05-10) paper sold 75k @ .75
sfrj6 9737 c paper sold 20k @ 1 Ref 96.58
sfrm6 9643 9637 p 1x2 paper paid 1.5 10kx
sfrm6 9650 sfru6 9656 ps paper paid .5 25kx +sfrm6
sfrm6 9656 9650 9637 put fly 1x3x2 paper paid 1.5 10kx ref 96.55
sfrm6 9656 9643 9637 p fly 1x3x2 paper paid 1.5 5kx ref 96.55
sfrm6 9656 9668 9681 c fly paper paid 1.75 10kx
sfrm6 9643 9637 9631 put tree paper paid 1.75 20k ref 96.64
sfrm6 9650 9643 9637 9631 p condor paper paid 1.60-1.75 25kx
sfrm6 9643 9637 ps vs 0qm6 9625 put paper paid 1.25 25kx + sfrm6
sfrm6 9643 9637 ps vs 0qm6 9631 put paper paid 1 on 10kx + sfrm6
sfrm6 sfrz6 9643 9631 ps paper paid .5 10kx +sfrm6
sfrm6 9656^ paper paid 20 3kx
sfrm6 9725 call (tied 96.565 d10) paper paid 2.5 20kx
sfrn6 9675 9687 9700 9712 c condor vs 9650 9631 ps paper paid .5 20kx +condor
sfru6 9643 9637 p 1x2 paper paid .25 10kx
sfru6 9700 9750 9787 brk c fly paper paid 3.5 10kx
sfru6 9637 put (tied 96.745 d11) paper paid 1.5 14kx
sfru6 9675 9700 9725 9750 call condor (tied 96.70 d12) paper paid 5.5 50kx
sfru6 9725 9850 call spread paper paid 5-6 45kx
sfru6 9650 9631 put spread (tied 96.795 d16) paper paid 3.75 20kx
sfru6 9668 9681 9693 9706 c condor vs 9650 9631 ps paper paid .5 15kx +condor
sfru6 9725 call (tied 96.78 d20) vs
0qz6 9600 put (tied 96.715 d16) paper paid 1 12kx +sfru6
sfrz6 0qz6 9800 call spread paper paid .5 15kx (+z6) ref 96.91/96.805
sfrz6 9700 9750 9800 c fly vs 9643 9631 ps paper paid 4.5 10kx + c fly
sfrz6 9681^ paper paid 45.25 3kx ref 96.89
sfrz6 9675 9681 strangle paper paid 44.75 5kx
sfrh7 9687^ cov 96.905 d12 paper paid 56 2kx
sfrz7 9725 call paper paid 23.5-24 8kx ref 96.79
sfrz7 9900 9950 cs paper paid 1.75 20kx ref 96.77
0qh6 9687 9675 9662 9650 p condor paper paid 3 13kx ref 96.985
0qh6 9681 9668 put 1x2 paper paid 1.75 5kx ref 96.87
0qj6 9687 9700 9712 9725 c condor (tied 96.92 d07 c) paper paid 3 10kx
0qj6 9687 9668 9650 p fly paper paid 5 11kx
0qu6 9750 9775 cs paper paid 2.75-3 100kx
0qz6 9750 9775 cs paper paid 3.5 45k
0qz6 9625 9587 p 1x2 paper paid 1 2kx ref 96.835
0qz6 9675^ paper paid 58 3kx ref 96.755
2qm6 9662 9643 9631 p tree paper paid 2 40k
2qn6 9656 9637 9625 brk p tree paper paid 1.75 10kx
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