Are you ready for some friday morning CPI?
I'll take the underdog +3 ticks.
I'll take the underdog +3 ticks.
Bond rally nearing an end?
- Thread starter gharghur2
- Start date
Should be a fun one. There was a size put buyer on the screen in the 10yr options very late (around 1:30pm, when we started to break hard). He paid 9 ticks on 25,000 of the Dec 105 puts, most of them 5,000 lots in time and sales. The interesting thing is that one account is short about 40,000+ of these puts, so will definitely be checking open interest in that strike to see if that was an unwind ahead of CPI or a new bearish position for someone else.
I'm counting on a large move day. I don't care which direction is chosen. I'll probably enter between 0735 and 0800 CST.
My guess at the moment is that I'll be shorting pullbacks from an initial decline on the 0730 report.
The suspense is something else 
Just think, some Federal workers already know the results.
Just think, some Federal workers already know the results.
Quote from onlytronalso:
The suspense is something else
Just think, some Federal workers already know the results.
Yes, I'm itching to go short here between 110 16 and 110 18, but that's not a good idea. Had I gotten short at 110 28 yesterday and stayed short, holding on would make sense, the gamble of a spike down vs a 16 tick move back up towards your entry would be acceptable. By 16 tick move, I'm assuming that we will continue lower into 0720 CST.
Not certain they are done yet.
Watch out for FOMC wednesday, maybe then
Watch out for FOMC wednesday, maybe then
One account bought 75,000 10yr notes today between the screen and the pit (50k screen 25k pit). The prices were from 106-21 to 106-26, with the largest chunk between 22 and 24. We really didn't move much until they started firing 5000 and 7000 lots above 25, then it got a bit out of hand. It was Goldman executing them so could virtually be anyone, although that desk on the floor does some PIMCO business, small chance it was them.