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Yep, can't forget that too, about 90,000 Sep 112 calls still open, paper has bought 5,000 or so today, and still bid. Options locals short most of these calls. Just bought a bunch more.

How am I suggesting they are manipulating a market, simply selling into big yield support/price resistance, since when is that manipulation? It has just been my observation they have been big sellers into rallies last few months, maybe its getting short, maybe its getting out of longs, either...

Couldn't quiet push them into those stops today. Goldman ended up selling 20,000 five year notes and about 9,000 or so ten year notes (all in the pit, possibly more on screen). This isn't anything to do with the Wal-Mart issuance earlier this week as that rate-lock was already unwound. My...

19,000 five years offering more ten years, has to be PIMCO or large hedge fund.

Goldman selling more tens, sold 1000 at 28, Hardy went 28 bid 6000 more. Bring back the old days.

Guess he isn't filled in the fives, still going, 17,000 sold in the pit, every one of them.

Goldman at it again today. Has sold 15,000 five year notes in the pit across the whole range and has sold 8,000 ten year notes in the pit from 29 to 23, still going in the tens, possibly filled in fives. Hardy Brumfield buying from 29 down to 27, maybe 5000. Looking to gun some stops around...

One of my buddies legs the 5, 10, and 30yr spreads every rollover upstairs on the screen. He said last roll everyone would get hit on the legs with the edge, and then race to the spread market to cover them, so made for a very challenging rollover for the guys who leg the spreads, not to...

Ditto, exactly what he said, who is this guy that thinks he can sue Pimco, probably some basis trader that got his *** handed to him during the whole fiasco. There are potential risks in this game and you can't go crying when you lose. The squeeze brings on more volatility, so keep it coming...

I think in terms of the 30yr everyone had the flattener on, long 30yrs and short anything else on the curve. It seemed as though also at times it was the 10yr spread dragging it lower. My guess is guys also made it hard to get 30yr CTD to in repo because tens were impossible to get. Only my...

In the 30yr you have time to roll, the big paper has not really started to roll any 30's yet (but it is underway in 5's and 10's). You might want to roll sooner if you are looking to get long the Dec, as the 30yr spread is trading at 12 (somewhat closer to zero or negative than the ten year...

Yep, exactly what I was gonna say, that WSJ article today probably didn't help the CTD issues either. Went home short the NOB (sold 17.5 in ten year and bought 08's in the bond). Hopefully that curve flattens before the weekend because the 2-10yr curve flattened a bunch today. The sep-dec ten...

Trying to figure this out both ten year notes and the bond are up about 20 ticks with 5 minutes till close. Someone must be getting blown out of 10-30yr curve flatteners. Any opinions?

Interesting WSJ article today that states that Citadel played a significant role in the squeeze of the June contract. Once again, these guys don't need to be told the risks, they run billions of dollars. Although it sounds like Gross got the short end of everything, his notes are now worth...

As someone who sees the order flow of the 5,10, and 30year options at the CBOT on a daily basis I would agree that it will be sometime before they are moved to the screen. A broker behind me fills for SAC Capital and often does the call around stuff for them in Sterling and Euribor options, and...

Just found a cool article saying that Berkshire Hathaway (Warren Buffet's company) got smoked being short a bunch of forward dollar contracts. Although they made nearly 2 billion being short last few years. Funny coming from a guy who has openly said derivatives are bad and dangerous...

Some very interesting articles on the 10yr squeeze. I have been on vacation last two weeks so missed the Bill Gross denying he is the squeezer situation. Although, he is long a bunch of 10yr notes, 22 to 27 year cash bonds, and 30 yr bond futures. My guess is there will be huge demand for...

Yeah, Hardy tends to spoof a bit, but it does actually trade that price usually (often 1000 times plus), whereas in the Bund it will be spoofed/flipped and does not always trade that size. Often times he is doing that to attract the big Goldman orders and other big paper, or to get them to bid...

Did see an interesting position being rolled today in Ten-year options. Wells Fargo (goes through Carr desk) was long a ton of Sep 110 puts, so he sold those to buy the Dec 113 calls (as part of a combo diagonal). Did 25,000 of these so this mortgage guy is still worried about prepayment risk...

Guy behind me says his guys at SAC (Steve Cohen's monster hedge fund) are still flat, I would have bet a ton they were short into Greenspan this week, but guessed wrong. And he talked to them today and they were baffled why we broke so hard, ultimately I guess everyone thinks revaluation may be...