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doublechin Excellent post and quite educational! Thanks for the explanation about the spoofs in the schatz. Should be interesting to see if it goes on this week. My thought heading into this week is that treasuries should take some heat, especially the front end of the curve. Thoughts?

Well nice day today over all guys. Was up pretty big earlier around 4:30am CST but started to give some away as I got caught up in that triangle congestion shit we had going on from 4:30-7am. From 6-7 is when it started having some false breaks imo and as soon as you went one way it just...

Well dropped a short 5k in OJ today (about $4200 if you want to get technical lol). I seen the crop report come out and it showed a 6 million box drop instead of the flat-2 million box drop forcasted. I went to school a happy camper until I got a call from the broker and he said oj was...

Yeah steepening deffinantly seems to be the play today as the schatz is getting a huge bid so far today! Although we appear to be topping out (schatz) right now and we might retrace a little bit but overall I agree that the steepener is the trade to be in.

The DAX guys have their "short dax at 7740" . The 30yr bond guys have "anybody else short US 30yr bond" even the wheat traders have the limit up and minneapolis threads. Why can't the eurex fixed income traders have their own little thread as a place to gather and share thoughts? Anyway...

I would be careful buying any calls here. Majority of big players are buying puts and selling calls. Also most are short volatility (im only talking about 10yr option players in the pit). This market looks extremely weak. The only chance I see of us running up to our previous highs would...

Well im currently taking some heat on those OJ contracts. Currently trading at 135.45 so im out around $2325. Looking back I should of just bought a strangle or something to play the upcoming volatility. Vol is really low right now so we are breaking out one way or another but my bias is to...

Nazz Yeah I here ya. Now after looking at it that doesn't seem right does it? Heard it from some pretty big grain boys down in chicago but maybe they heard wrong? I will try to find out whats happening. Thanks for the correction YT

Yeah, I don't know about you guys but we should be in this thing to make money not to have our little "claim to fame". People might actually say wow you were the first idiot who bought those calls? However I do believe it probably isn't a bad stratagy given the current situation we are in with...

Your not the only one who thinks this country is headed down the wrong path. The sad thing is that I realize it so young. Can't they at least try to act intelligent and make it sound like everything is ok in the world? For god's sake do it for the children!!!:D YT

Agreed A 1 point move in ZB is a pretty weak considering the situation we are in now. The top has got to be in.......for a while. Merrill selling 14K 109-120 june call spreads at 640 area in the 10yr options pit. Thats a massive payday if it works for them!!! ZB up 10 as of right now...

He said he is not stuck but just amazed. Also grains are pro rata so when things go limit up and there are 35,000 bid there is not a chance in hell he is going to be filled (thats why bids and offers are so big on limit days so only the big players can get filled and not the small guy). Take...

Anybody trade only 5yr notes or bobl futures here? I currently trade the front end of the curve most of the time and find that there just isn't enough bang for your buck in there (my commisions are fairly high so I have to hold positions a little longer during the day than say a scalper). I am...

I just realized that I never let you guys know how my short mar 10yr turned out lol. I ended up covering quite a while ago at 117.5.....even money. Sorry about that. Please feel free to call me on that kind of stuff so I can keep up to date lol. YT

Sold mar 10yr 118 call for .35 It closed at .41 I think. Just holding to expiration for it to expire worthless (I hope). Same goes for my strangle. May OJ closed up .30 today.

Yeah it was really slow in the options pit today too. Not much going. Mostly guys buying mar puts and put spreads. I expect to see even more selling pressure tomorrow even though i expect the stock market to be down too. Non the less it should be a very interesting day tomorrow. YT

Well OJ closed at 137.95 down about 1.15 Like I said I bought 5 of them at 138.55 earlier this morning. 10yr strangle is continuing to lose value and it should expire worthless. I believe march option expiration is in 13 days. YT

Support in May looks to be around 135. Closed 137.95 today. imo we have bottomed out here and I look for OJ to trade higher to around 160 very soon. USDA crop report out next Friday I believe. Any thoughts? YT

Im long 5 may OJ at 138.55 Havn't placed any option trades on OJ yet. Im still looking for the right way to play it. Like I said if anybody has any suggestions on how to play this thing please let me know. YT

Try a pinch of skoal. It DOES work!!! YT