July CPI downside miss trade: 30y UST + gold + Softbank
30y UST Futures (ZB): delta neutral w/ upside convexity bias (long end yields fall) 4:1 ratio calls to futures:
•Long Sept 165 Calls (25 ∆)
•Short ZBU1 Sept 30y futures
time horizon: close at 8:31am - end of week
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