$3M weekly options bet targets Treasury selloff around US CPI release

The scale of this options flow matters less than its timing: a single expiry tied directly to the CPI print turns a macro data release into a binary event for rates positioning, and the fact that open interest at the strike was small before the trade suggests this is fresh conviction rather than existing exposure being rolled. It affects anyone with duration-sensitive exposure across Treasuries and related risk assets, since a bond selloff into CPI can transmit quickly through funding and credit channels. What's worth watching is whether this premium-heavy structure attracts follow-on positioning or stands as an isolated hedge.