yep heard the same about the red packs . . . . 2,000 z/z9 spreads traded 110 over and another 4,000 block trade at 120 over . . . . 8:37 am to...
they are primarily transferring large curve positions from one account to the other so for the small tape readers in the outrights (which i assume...
BOT/SOLD 31357 10YRS @ 113-27...
Full carry on Mar/May wheat should be about 13.5 cents (carry) for first notice day and around 17 if held to expiration. A bunch of locals that...
Be careful bear spreading wheat right now (against new crop July). Rumor mill is saying that Dreyfus might load out the wheat that has been...
Countrywide dumped 30,000 March calls in the 10yr options right on the pit open explaining your move before the number. They obviously had it and...
Swap futures trade by appointment for the most part. There is almost always a 15,000 lot roll between Goldman and JP Morgan for the 10yr swap...
The more I thought about the Goldman put position my guess is it was probably a front-run on all of this mortgage hedging and the fact that...
Countrywide is starting to buy the Sep 102 puts in the 10yr options to protect against spread widening if we were to break lower again. That is...
You hit the nail on the head with the last point. Owning mortgages you are implicitly short volatility. Normally your risk is a bit more on the...
Still not covering the put position. I have a strange feeling it could have been Countrywide or even PIMCO protecting some long mortgage position...
Oh, and those puts are now worth 12 ticks. JP Morgan sold at least 5,000 of them today around 10 ticks. If open interest is lower that means...
Definitely, the book is very thin. I would attribute this to all of the Chicago curve trading groups lightening up on the Autospreader programs....
Forgot to post this but the Goldman desk on the floor bought about 100,000 Sep 10yr 102 puts one day before the last unemployment. Bought them...
10yr options will begin trading in half strikes starting June 25th in both open outcry and electronic trade. This is obviously at the request of...
You would think they would be close to done but in the dealer commentary I have read they are still speaking of unwind flows for 10yr vs. bund...
Vega fund made their first apprearance in the CBOT options today in months. They did a June/Sep 105-105.5-106 iron fly in the 5yr options....
You are going to need one hell of a move to make money on say the 100 or 90 something 10yr puts since volatility is at pretty much all-time lows....
Lets get er done.
I give up. I am certainly wasting my time on this post. I had written a lengthy explanation of the 30yr bond futures open interest and how it...
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