Guys take a look at ZB!
Time to buy this thing up again.
Our break to 115.16 today was met with a pop on nice volume. Support around 115.20 should hold us and I think we have the strength to challenge 117 again.
In the 10yr options pits SSB sold 10,000 apr 112 puts. Somebody also sold 10,000 May 111 1/2 puts. Merrill bought 10,000 june 134 calls.
The last one is really something to take note of considering we are trading around 115 now in the 10yr. My guess is its some risk manager who is short a decent amount of futures and wants to sleep somewhat well so he is buying these cheap ass calls just in case something would go crazy.
Thoughts on the market guys?