US TSYS: Late SOFR/Treasury Option Roundup
Feb-17 20:17
Heavy option volumes centered on outright put and put spd buying, opening and position adjusts as underlying gradually prices in chance of more than 25bp hike(s).
- SOFR Options:
- Block, 20,000 SFRU3 94.06/94.62 put spds, 16.5 ref 94.745
- Block, 7,500 SFRM3 94.50/94.75 3x2 put spds, 15.5 ref 94.725
- -30,000 SFRM3 95.00/95.12/95.25/95.37 call condors, 1.0 ref 94.72 (unwind, >+60k, 3.5 on Jan 19)
- Block, 20,000 SFRH3 94.81/94.93 put spds, 1.0 ref 95.0275
- Block, 20,000 SFRH3 94.75/94.93 put spds, 1.25 ref 95.0275
- Block, 10,000 SFRZ3 94.06/94.18/94.31 put flys, 0.75 net/splits ref 94.945
- Block, update 10,000 OQJ3 95.50/95.75 put spds, 10.0-9.5 ref 95.765 -.81
- Block, 10,000 SFRZ3 94.50/95.50 strangles, 39.0 ref 94.95
- Block, 7,500 2QH3 96.50 puts, 18.5 ref 96.445
- 2,000 SFRH3 94.75/94.81/94.93/95.06 put condors ref 95.0225
- 2,000 SFRZ3 94.25/94.75/95.00/95.50 put condors ref 94.93
- Block, 12,000 SFRH4 95.00/96.00 put spds, 54.5 ref 95.325
- over 6,000 SFRJ3 94.56/94.68 put spds, ref 94.71
- Block/screen, 15,000 SFRZ3 94.5/95.00 2x1 put spds, 1.5 ref 94.935
- 5,000 OQM3 95.62/96.25 strangles, check price, ref 95.775
- 4,750 SFRM3 94.37/94.62/95.06/95.12 broken put condors ref 94.70
- 1,250 SFRH3 95.00/95.06/95.18/95.25 put condors ref 95.0225
- 10,000 OQU3 94.00/94.50/95.00 put flys ref 96.075
- Block, 3,000 OQH3 95.37/95.62/95.87 1x3x2 call flys, 1.5 vs. 95.355/0.05%
- Block, 20,000 SFRU3 94.00 puts, 4.0 ref 94.71
- Block, 10,000 SFRU3 94.25 puts, 8.0 ref 94.71 to .715
- Block, 10,000 SFRU3 93.75 puts, 2.5 ref 94.71
- Block, 12,000 OQM3 94.50/95.12/95.75 put flys, 14.0 ref 95.76 to -.77
- over 6,000 SFRM3 94.50 puts, 6.0 ref 94.71
- 3,000 SFRJ3 94.37/94.62/94.87/94.93 put condors ref 94.70
- Treasury Options:
- 5,900 TYJ3 108.5/110.5 put spds, 24 ref 112-03.5
- 5,000 FVJ3 108 calls, 31.5 ref 107-17.75
- 5,000 TYH3 111.75/112.5 call spds 13 ref 111-15.5
- Over 4,200 TYH3 113 calls, 2
- 5,000 TYH3 110.5/111 put spds, 11 ref 111-13.5
- over 7,000 TYH3 110.5 puts 8-10 ref 111-11.5 to -11
- 1,000 TYH3 109.5/110/110.5/111 put condors ref 111-17
- 5,100 wk2 TY 109 puts, 6 ref 112-01.5
- 2,700 TYH3 puts, 4 ref 111-17
- over 6,000 TYJ3 110 puts 20-25 ref 112-03.5 to 111-24.5
- 2,000 TYH3 111 puts, 13 ref 111-21
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US STOCKS: Late Equity Roundup: Consumer Staples, Utilities, Financials Lagging
Jan-18 20:15
Major indexes weaker, near session lows w/ Consumer Staples, Utilities and Financials sectors underperforming. Stocks reversed early gains after PNC and Charles Schwab each missed earning est this morning, weighing on financials. SPX eminis currently trades -44.75 (-1.12%) at 3964.75; DJIA -444.37 (-1.31%) at 33466.41; Nasdaq -84.9 (-0.8%) at 11010.67.
- SPX leading/lagging sectors: Consumer Staples (-2.37%) lead by weaker food, beverage and tobacco shares (KHC -5.94%, CAG -4.07%, MKC -3.91%); Utilities (-2.21%) and Financials (-1.61%) follow, PNC Financial -5.59% in late trade.
- Leaders: Communication Services (-0.61%) lead by Match Grp (MTCH) +0.66% and Google (+0.10%). Next up: Information Technology (-0.84%) and Consumer Discretionary (-0.90%), internet and direct marketing names supporting latter.
- Dow Industrials Leaders/Laggers: After heavy sell-off Tuesday - Goldman Sachs bounces +1.74 to 351.66, Apple (APPL) -0.14 at 135.80, Travelers (TRV) -0.28 at 184.72. Laggers: McDonalds (MCD) -7.49 at 266.57, Honeywell (HON) -6.86 at 205.38, United Health (UNH) -5.78 at 479.30.
CANADA: USDCAD Climbs With Risk-Off, But Still Lower Since Last BoC
Jan-18 20:11
- USDCAD has continued to see upward momentum through the second half of the session with e-mini S&P still hovering close to session lows, currently at 1.349 (+0.75%).
- CAD sits bottom of the majors on the day, closely followed by other risk-sensitive peers in AUD and NOK.
- The ~140 pip increase off overnight lows has pushed the pair close to resistance at the 50-day EMA of 1.3502 in a sharp reversal of the short-term bearish threat previously seen. Continued upside could open 1.3665 (Jan 6 high).
- However, from a macro perspective ahead of next week’s BoC decision, the pair still trades more than 1% lower than the circa 1.365 heading into the last decision, helped by the strength in the latest labour market report.
Source: Bloomberg
US: White House Press Conference Underway Shortly
Jan-18 20:02
White House Press Secretary Karine Jean-Pierre is shortly due to deliver a press conference from the White House.
- Livestream: https://www.whitehouse.gov/live/
- As has been the case throughout the week, the debt ceiling and the controversy surrounding President Biden's mishandling of government documents are expected to be the focus of questions.
- The US Treasury Department will tomorrow begin using “extraordinary measures” to continuing paying the government’s financial obligations as Democrats and Republicans squabble over raising the federal debt limit.
- Read more in today's US Daily Brief: https://roar-assets-auto.rbl.ms/files/50712/MNI%20...
