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It depends on how your system actually legs it... There are lots of possibilities (and, therefore, controls) for these things. For instance, you can define whether only one spread leg of your fly is a limit order or both (also whether they get shown to the mkt at initiation). You can define...

You might wanna contact ICE first and get the product code etc from them (as their website is notoriously sh1t for these). You might get further with TT, if you're armed with some knowledge.

Robert, the OP is talking about linear futures strategies, nothing to do with options. Yeah, these futures flies are listed natively... But not all trading platforms would support these, so you need to find out whether yours does.

There is a lot of variations and possibilities in these. At least in STIRS, where I have played with a variety of options. However, a lot will depend on your broker, the execution machine and the particular exchange algo. Are you able to submit the fly order directly or does the exchange not...

Jeez, another bullsh1t story abt a mythical option payout... No point discussing the details, even.

Currently: TLT duration - 17.35 https://www.ishares.com/us/products/239454/ishares-20-year-treasury-bond-etf UBH7 CTD (T 3.75% 11/15/2043) duration out of approx fwd delivery date - 17.31

There is smth weird going on in crude and products... The cumulative build in the past few weeks has been YUGE. And yet, there's no visible dent. Moreover, spec long positioning is the highest I can recall and keeps going. All very strange.

It seems that the ultra futures (UB) would be a closer match for TLT, duration-wise...

Not necessarily... The Donald... When/if he decides to renegotiate US sovereign debt, it will be drastic news. In seriousness, there are lots and lots of factors. Inflation, growth, global developments, all these things can move the long bond. One other thing to note is that you might...

There are only two problems (actually they're two sides of the same coin) in Japan and it's at the root of all their issues... Specifically, it's their inability to pull the plug on grandma and/or accept immigrants. That's all there is to it.

Excellent, so we're all in agreement on the curve moves... Specifically, while "massive inflation explosion" might be in the offing, it's not clear whether it will persist past the next few years. I have no idea whether the rally in banks is short covering or something else. It's certainly...

I don't recall ever necessarily agreeing with the idea that "massive inflation" is coming. It's is certainly a possibility and the curve has priced it, in fact. Whether or not inflation persists is another matter and is in doubt. From all this, I am not quite sure how you conclude that the...

Firstly, you're confusing me here. You were talking about 2s10s just now, so where did NOB come from? The two have, not surprisingly, moved in opposite directions since the election (last few months), 2s10s steepening arnd 25bps, while 7s20s flattened arnd 15bps. So what precisely is the...

Well, $4mm/bp (full terminal belly delta), it's a pretty chunky trade, whether listed or otherwise... However, as you say, it's really nothing to get too excited about.

To be fair, with all the jitters in Europe, I am not even sure I'd feel too confident about JPY. However, JGBs, IMHO, are even worse.

Being short JGBs is still the wrong trade...

I stand corrected... They didn't do 380k of this, but rather more like 150k. This means they paid arnd 3 ticks. Still peanuts, in the grand scheme of things.

It's just an OTM put fly and it's not all that exciting, as I mentioned in the other thread... It looks like it was the EDM7 98.875/98.625/98.375 fly, originally bought in 2016 when EDM7 was trading with a 99 handle. In May 2016, paper was buying it for 3.5 or thereabouts. It was being sold...

Nah, I happen to have done well on the steepening... Not that it matters. And yes, the Donald is going to be awesome for me and others like me. But no, I still don't think that's a good thing. If you think that the performance of financials on Friday was due to the curve steepening, I would...

Yeah, sure looks this way to me, based on the surveys, as well as the actual loan growth data... But who cares about that when the Donald says that he's got (imaginary) friends who can't get loans? It's gonna be really great to be a Goldman banker, again...