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Yeah that oj spread looks pretty good doesn't it? I have no idea what march/july wheat is doing but be careful. Im hearing most of all the big pit locals in chicago have taken that spread off (they were short it just like you). I know most of the volume is electronic but they provide most of...

Currently I am short 1 march 10yr T-Note 114/118 strangle at .53 Looking to hold this one until expiration

Im opening up this journal for my option only trades (it will consist of mostly equity options with some commodities options). I find options to be extremely interesting and potentially rewarding for me. Hence the reason for this journal. For those of you who are not familiar with me and...

Out of my 10yr short at 117.01 unscathed. This thing is chopping far more than what I earlier thought. Im just glad I put on that short strangle as it seems to be fool proof as of now with march expiring in a few weeks. RBS came out friday and sold 25K 117 1/2 JUN CALLS at 131-130. YT

Im not actually in the spread (after looking back at the posts I said I got long when I actually I just placed the order to get long lol sorry about that everyone). There is absolutely no volume in nov oj so you wouldn't be able to get it done even if you wanted to. Once we can get some volume...

Im still short 10yr from 117.01 looking to take profit around 116 Suprising how the treasury market fails to hold its bid for too long (other than today). Its obvious worst case senario is already priced in. Also sold mar 10yr 114/118 strangles for 53 PIMCO along with other big boys...

Sold a mar 114/118 strangle today at 53 Still got the short 10yr which closed at around 117.015 Other than that nothing going YT

Nice call Pabst!!! Whats your secret a crystal ball? lol Once again congrats on that beautiful call! YT

When I was 11 I bought my first 5 shares of microsoft (for an investment) on my dad's cell phone at the county fair. I honestly think I bought them at the high of the tech bubble lol. Another time was a few years ago when our family went on a trip to mexico in January. I am not much of a...

Interesting pabst and unexpected im sure from most. Are you buying for a quick bounce or do you honestly think we are going substantially higher from here? Thanks YT

Still short my 10yr (I don't know why though) looking to take profit at 115.05 Also looking to short march oil at 94 if given the opportunity. YT

Thanks pabst Im still short 10yr (starting to wonder why though) and look to take money at 115.05 YT

LOL im trying im trying but we have a massive snow storm here in Iowa so they let us out of school early. So I might as well get some trading in :D YT

No I am just trading eurex products (my hours don't allow me to trade US). Yeah volatility sucks today. I know its a relief to have a little downtime but I get jittery when things are slow and I find the sitting on your hands trade extremely tough to master lol! So the best thing to do in...

$preader Your a pretty smart guy. All these black box firms provide "liquidity" like rosy said. However they provide little or no actual trading volume like a local. What good is liquidity if they just keep pulling the shit and never give you much of a chance to hit it. I agree with you...

Kap Thanks for the tip. Yeah I know im not going to be able to distinguish every local from all the paper but I think I can distinguish most orders roughly. Could you please explain more about locals selling paper for IB's? I don't understand what your talking about sorry. Yeah I have...

A quick question. How will this affect options traded in the pit? I have gained valuable information from looking at who did what and when they did it in the options pit. I hate to think I won't be able to do that anymore with this block trade crap. YT

Another thing I just thought of while trading the schatz. If paper is mixed trade with the locals and if paper is directional trade with the paper. I am really starting to get a handle on where some of these bigger locals risk tolerance is at (at least I think:D ). Remember there are only...

Correction on that may/nov. Im actually long at -335. Sorry I must of been thinking about another chart and when I came home dad said that he placed the order for me at -335. Sorry about that Back to fucking the locals in the schatz :D

Pabst Agree 100%. Can I ask what was the motive for them to change it to 5 deep? I guess why does the cme have all of its products 5 deep for that matter? At least a 10 deep market provides better transparity imo. I just don't get it. YT